Tong Kee (Holding) Limited provided earnings guidance for the year ended 31 December 2019. For the year, the Group is expected to record a decrease in consolidated profit for the Year of approximately 75% to 85%, as compared to the profit of approximately HKD 12.9 million for the year ended 31 December 2018. The expected decrease in profit for the Year was primarily attributable to (i) significant decline in gross profit comparing with the year ended 31 December 2018 due to increase in cost of sales including but not limited to subcontracting cost, material costs and direct staff costs during the Year; (ii) decrease in total revenue comparing with the year ended 31 December 2018 as a result of the overall unfavorable market environment in the Year; and (iii) the increase in employee expenses resulting from salary increment, bonus, employee benefit and the fact that more staff members were employed during the Year.