Ulferts International Limited provided consolidated earnings guidance for the six months ended September 30, 2018. The board of directors of the company announced that, based on the preliminary review of the latest available financial information of the Group, the Group is expected to record a significant increase in an unaudited consolidated net loss attributable to the owners of the company for the six months ended 30 September 2018, as compared with the same period last year. The increase in net loss was mainly attributable to a decrease in revenue due to the weakening consumption market sentiment; and an increase in selling and distribution expenses resulted from the incurring of start-up costs, rental expenses and overheads for new store opening, during the period.