Grand Peace Group Holdings Limited provided unaudited consolidated earnings guidance for the year ended March 31, 2019. For the period, the company expects to record an increase of approximately 20% to 30% in loss for the Period as compared with the results for the corresponding period in 2018. Such expected increase in loss for the Period is mainly attributable to: (i) a decrease in Hong Kong funeral business revenue and consequently a decrease in the gross profit as a result of the slowdown of the funeral business in Hong Kong and (ii) an increase in marketing expenses of the Group.