Ulferts International Limited provided earnings guidance for the six months ended September 30, 2019. The company group is expected to record significant increase in an unaudited consolidated net loss attributable to the owners of the company for the six months ended 30 September 2019 as compared with the same period last year. Due to a weak market consumption sentiment arising from the unresolved US-China trade war and continued social unrest activities, the sales performance of the Group's shops generally deteriorated. The group's total revenue during the Period remained flat only despite an increase in the number of shops. Meanwhile, an increase in rental costs and operating expenses further widened the Net Loss during the Period.