Pegasus International Holdings Limited provided group earnings guidance for the six months ended June 30, 2018. The board of directors of the company announced that based on a preliminary review of the unaudited management accounts of the Group for the five months ended May 31, 2018, sales orders received from the Group's customers thus far and other unaudited financial information currently available, it is expected that the Group will record a significant loss for the six months ended June 30, 2018 as compared to the net profit before tax of approximately USD 998,000 for the corresponding period in 2017, mainly due to significant decrease in revenue resulting from decrease in sales orders from the Group's existing customers as well as redundancy expenses incurred by the Group.