ChasWood Resources Holdings Ltd. provided earnings guidance for the year ended December 31, 2017. The Group expected to report a loss after tax for fiscal year 2017, which is substantially higher than the loss after tax for fiscal year 2016. Based on a preliminary review of the unaudited financial results of the group for fiscal year 2017, this is mainly attributable to lower revenue amidst challenging market conditions of the industry and higher asset impairment as a result of closure of non-profitable outlets in Malaysia.