WLS Holdings Limited provided group earnings guidance for the year ended 30 April 2019. The group is expected to continue to record a significant loss for the year ended 30 April 2019 but such loss is expected to be less than the audited loss for the year ended 30 April 2018. The significant loss incurred for the year ended 30 April 2019 was mainly due to the recognition of expected credit losses of approximately HKD 10 million on balances under the contract assets, trade and loan receivables after adoption of Hong Kong Financial Reporting Standard 9 'Financial Instruments' issued by Hong Kong Institute of Certified Public Accounts; and the impairment of goodwill and intangible asset of approximately HKD 33 million.