Yongmao Holdings Limited provided guidance of the group's financial performance for the fourth quarter and full year ended 31 March 2018. Based on the preliminary review of its consolidated results, the group expects to report a net loss for fiscal year 2018, as compared to the previous corresponding quarter ended 31 March 2017. This is mainly due to keen price competition resulting in lower margins from sales of towercranes, coupled with higher steel material cost and higher operating expenses such as freight and transportation cost. Notwithstanding the expected loss in fourth quarter of 2018, the Group is expected to remain profitable for fiscal year 2018.