Speed Apparel Holding Limited provided group earnings guidance for the year ended 31 March 2019. The board of directors of the company informed the shareholders of the company and potential investors that, based on the information currently available to the Board and the preliminary assessment of the group's unaudited consolidated management accounts for the year ended 31 March 2019, it is expected that the group's unaudited profit and total comprehensive income attributable to owners of the company for the year ended 31 March 2019 will increase substantially by approximately 80% as compared to the corresponding period last year. Such expected substantial increase in the unaudited profit and total comprehensive income attributable to owners of the company was mainly attributable to the net effect of the change of customer mix as the group solicited a significant new customer based in the United States of America, the revenue derived from the New Customer accounted for approximately 30.0% of the Group's total unaudited revenue for the year ended 31 March 2019, leading to an increase in the unaudited revenue of the Group by approximately 10.0% as compared to the audited revenue of the group for the year ended 31 March 2018; the improvement in the overall unaudited gross profit margin of the group for the year ended 31 March 2019; and the significant decrease in purchase orders of knitwear products with lower gross profit margins from the existing major customers of the group.