Luk Hing Entertainment Group Holdings Limited provided consolidated earnings guidance for the first quarter ended March 31, 2017. The company expected to record a net loss for the first quarter ended 31 March 2017 as compared to the adjusted net profit for the corresponding period in 2016, which excluded the impact of non-recurring listing expenses of approximately HKD 2.9 million for the three months ended 31 March 2016 . Adjusted net profit to net loss, amounted to approximately HKD 2.6 million, was mainly attributable to the increase in legal and professional fees to ensure ongoing compliance with relevant rules and regulations after the company's listing; and increase in business travelling and entertainment expenses due to business expansion and exploration of potential business opportunities.