Zhejiang United Investment Holdings Group Limited provided group earnings guidance for the first quarter ended July 31, 2018. For the quarter, the group expects to record loss of approximately HKD 3.7 million as compared to loss of approximately HKD 0.7 million a year ago. Such changes were mainly due to- decrease in gross profit margin for the group's business as a result of a higher subcontracting rate and an increase in the overall construction costs in Hong Kong as a result of competition faced by the group in obtaining new businesses and the completion of some government projects; and additional rent and rates of approximately HKD 1.9 million incurred in relation to the office of the company in Hong Kong and in the People's Republic of China.