Veeko International Holdings Limited provided earnings guidance for the year ended 31 March 2017. The board of directors of the company informed the shareholders of the company and potential investors that based on the preliminary assessment of the Group's latest management accounts (i) the unaudited consolidated management accounts of the Group in respect of the cosmetics business segment for the 11 months ended 28 February 2017; and (ii) the unaudited consolidated management accounts of the Group in respect of the fashion business segment for the 9 months ended 31 December 2016 and the information currently available, the Group is expected to record a net loss ranging from approximately HKD 25,000,000 to approximately HKD 35,000,000 for the year ended 31 March 2017, as compared to a net profit of approximately HKD 58,933,000 last year, mainly due to the decrease in the profit derived from the Group's business, in particular, the significant decrease in the profit derived from its cosmetics business segment, as a result of the continuous weak retail environment with cautious consumption sentiments in Hong Kong.