Wang Yang Holdings Limited provided earnings guidance for the six months ended 30 September 2018. For the period, the Group is expected to record a decline in the net profit for the six months ended 30 September 2018 of approximately 22% as compared to that as recorded for the six months ended 30 September 2017. The Board considers that the aforesaid decline was mainly attributable to an increase in direct costs during the Period as a result of (i) direct costs incurred for additional works with variation orders for the two projects at the Waterloo Road and Pak Sha Wan but the amount of such variation orders is still under negotiation with customers; an increase in material costs for the foundation works project at the Ko Shing Street; and prolonged periods for the works at Island Road and Tsung Tsai Yuen due to the change in building plans.