Icicle Group Holdings Limited provided earnings guidance for the nine months ended 30 September 2019. The Group is expected to record a loss with a decrease in profit of about HKD 3.0 million in the financial results for the nine months ended 30 September 2019, as compared with that of the corresponding period of 2018. The Board considered that the loss for the period is mainly attributable to the combined effect of (i) decline in profit margin due to the competitive environment and (ii) increase of about HKD 1.6 million impairment on trade receivables.