GS Holdings Limited provided preliminary earnings guidance for the year ended December 31, 2017. The Group is expected to report a loss for year 2017 which is attributable to the following reasons: Higher wages and higher foreign workers levy due to the increase in foreign workers hired. Both are as a result of the continuous tight labour market. Higher depreciation charges as a result of the new equipment commissioned during the period. This higher cost was not matched by new business revenue due to deferments in the take up of the company's dishware cleaning services. The absence of one-off other income during year 2017.