Food Wise Holdings Limited provided consolidated earnings guidance for the year ended March 31, 2018. The company announced that, based on the information currently available and the preliminary assessment of the unaudited consolidated financial statements of the group for the year ended 31 March 2018, the net loss for the year ended 31 March 2018 is expected to be decreased as compared with the net loss for the year ended 31 March 2017. The decrease in loss was attributable to no listing expenses incurred for the fiscal year 2018. When excluding the non-recurring listing expenses for the fiscal year 2017, the group would have recorded a net profit for the fiscal year 2017 as compared to a net loss for the fiscal year 2018. The net loss for the fiscal year 2018 was mainly due to: the increase in staff costs to support the Group's business expansion; the increase in monthly rental of the Group's leased properties upon renewal of the relevant leases and new properties leased; and the increase in legal and professional expenses for compliance of the Listing Rules and other applicable laws and requirements, covering the full financial year.