Allied Sustainability and Environmental Consultants Group Limited provided preliminary group earnings guidance for the year ended March 31, 2018. For the year, the group is expected to record an increase in net loss of the Group for the year ended 31 March 2018 when compared to the year ended 31 March 2017 if the non-recurring listing expenses incurred in the year ended 31 March 2017 was excluded. Such loss was mainly attributable to (i) the progress of the contract services work of the Group's on-going projects attained in the fourth quarter of 2017 was slower than expected; (ii) the drop in the overall gross profit for green building certification consultancy and acoustics, noise and vibration control and audio-visual design consultancy projects in Hong Kong for the year ended 31 March 2018 due to keen competition and the general decrease in the bidding price in the industry; (iii) incurrence of additional administrative expenses so as to cope with future development of the Group; and (iv) increase in direct labour costs for team expansion in order to strengthen the Group's ability to secure bids and extend its scope of services.