The Board of Directors of Chaswood Resources Holdings Ltd. provided group earnings guidance for the financial year ended 31 December 2018. The Group is expected to report a loss after tax for fiscal year 2018 which is lower than the loss after tax in fiscal year 2017. Based on a preliminary review of the unaudited financial results of the Group for fiscal year 2018, the net loss after tax arose mainly due to lower revenue amidst the challenging market conditions of the industry. The lower net loss in fiscal year 2018 was also due to lower administrative expenses arising from closure of non-profitable outlets and cost cutting measures, lower marketing costs, depreciation and amortization of franchise fees.