Ernest Borel Holdings Limited announced that, based on Board's preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2017, it is expected that the Group will record a net loss for the year ended 31 December 2017. This expected loss is primarily attributable to the increase in the provisions of trade receivables, the provisions made to the loss of inventories, the increase in finance costs and the decrease in gross profit and margin due to a decrease in revenue of approximately 9% as compared to the same period in 2016 resulting from a decrease in orders placed by watch retailers and authorized distributors.