The Board of Directors of Gaylin Holdings Limited provided earnings guidance for the full year ending March 31, 2018. For the period, the group is expected to record a net loss. The expected net loss of the group is mainly attributable to an impairment of approximately SGD 25 million to the value of aged inventories held by the Group and continued weak market conditions in the oil and gas industry. The impairment is based on a valuation of the Group's inventories by a professional valuer.