CROSSTEC Group Holdings Limited board of directors expects to record a consolidated net loss within the range of approximately HKD 9.0 million to HKD 10.0 million for the six months ended 31 December 2016 as compared to a consolidated net profit of approximately HKD 8.8 million for the corresponding period last year. The decline in the financial performance of the Group was mainly due to the increase of non-recurring expenses, which mainly comprised of expenses related to the listing of the shares of the company on the main board of the Stock Exchange, the increase in staff costs because of the increase in headcount and remuneration restructuring and the decrease of gross profit, which was primarily due to the change of the Group's revenue mix as a result of certain clients of the Group delay in implementing their business strategies.