The Board of Directors of Pacific Star Development Limited announced that the Group is expected to report a net loss for the financial period from 1 July 2018 to 30 September 2018. Based on the preliminary review of the Group's draft financial results for first quarter 2019, the losses are due to a decline in revenue as a result of challenging market conditions which impacted the sales of Puteri Cove Residences during first quarter 2019.