Union Steel Holdings Limited provided earnings guidance for the year ended June 30, 2019. For the year, the Board deems it appropriate to issue a profit guidance that the Group is expected to report a net loss for the FY2019. The expected net loss is mainly attributable to the overall softening economy that resulted in the necessary writedown in valuation of an investment property; goodwill impairment on carrying value of a subsidiary due to weaken market demand in construction business; and cost pressures in land transport businesses.