Major Holdings Limited provided earnings guidance for the year ended March 31, 2018. The board of the company announced that, according to information available to the company's management, the company and its subsidiaries expected to record a profit for the year ended March 31, 2018 as compared to a loss for the year ended March 31, 2017. Such turnaround from loss to profit was mainly attributable to (i) the growth in business operation; and (ii) the one-off loss arising from the impairment loss on trading deposits paid for purchase of inventories for the previous year ended 31 March 2017.