Quali-Smart Holdings Limited provided earnings guidance for the year ended March 31, 2017. For the year, the company expected to record an increase in the consolidated net loss for the Group of more than 20% for the year ended 31 March 2017 as compared with the last financial year. Such increase in consolidated net loss is mainly attributable to the impairment loss in relation to the intangible assets of the information technology division of the Group for the year ended 31 March 2017, which is offset by a substantial decrease in the impairment loss on goodwill during the year under review when compared with the last financial year; and an increase in consolidated administrative expenses of the Group arising from (a) an increase in the equity settled share-based payment expenses, particularly related to a new tranche of share options granted towards the end of the last financial year; (b) an increase in salary and rental expenses of the financial services division of the Group, which is partially offset by an increase in the consolidated gross profit of the Group mainly contributed by the financial services division of the Group during the year under review when compared with the last financial year.