Simplicity Holding Limited provided preliminary group earnings guidance for the year ended March 31, 2018. For the year, the Group is expected to record a net loss for the year ended 31 March 2018 as compared with the net profit recorded for the year ended 31 March 2017. The loss-making position was primarily attributable to: the inclusion of non-recurring listing expenses; the closure of Ma On Shan Marsino and Ma On Shan La Dolce in December 2017 upon expiry of lease; and the decrease in revenue from existing restaurants as affected by keen competition.