Veeko International Holdings Limited provided preliminary unaudited consolidated earnings guidance for the year ended March 31, 2018. The company expected that the Group will record loss ranging from approximately HKD 65 million to approximately HKD 75 million for the year ended 31 March 2019, as compared to a profit of approximately HKD 5.62 million for the year ended 31 March 2018. The decline in the financial performance of the Group was mainly due to the (i) drop in sales for both cosmetics and fashion segments of the Group as result of the continuous weak retail environment with cautious consumption sentiments in Hong Kong, particularly in the second half of the financial year; (ii) drop in sales for the fashion segment of the Group as a result of the unseasonably warm weather during the winter for the year ended 31 March 2019; and (iii) inventories and other related provision expected to be made for the year ended 31 March 2019.