Top Form International Limited provided earnings guidance for the eleven months ended 31 May 2019. The company expected that the group will record a substantial loss for the year ending 30 June 2019 as compared to a profit after tax of HKD 12,347,000 for the year ended 30 June 2018. The estimated loss in the results of the Group is mainly attributable to (i) one-off restructuring expenses associated with the acceleration of capacity shift from China to overseas; (ii) decrease in revenue and a change in product mix where a higher portion of sales was from lower priced products, which also resulted in a lower average selling price as compared with the corresponding period of fiscal 2018; and (iii) increase in general and administrative expenses as the group continued its transformation effort to adapt to the digital era which has reshaped the global apparel industry.