Merdeka Financial Services Group Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2017. For the year, the company expected to record a significant increase in loss for the year ended 31 December 2017 as compared to the loss for the year ended 31 December 2016. The Board considers that such increase in loss was mainly attributable to (i) the recognition of non-recurring expenses in the Group's consolidated statement of profit or loss in an aggregate sum of approximately HKD 18.5 million for the year ended 31 December 2017 in relation to the listing of the shares of the company on GEM; and (ii) an increase in the Group's administrative expenses for the year ended 31 December 2017 as compared to the year ended 31 December 2016.