Cheuk Nang (Holdings) Limited provided earnings guidance for the six months ended December 31, 2019. The board of directors of the company announced that although the company together with its subsidiaries is expected to record a significant increase in revenue and gross profit for the six months ended 31 December 2019 (HKD 304,226,000 and HKD 189,501,000 respectively) as compared to those for the six months ended 31 December 2018 (HKD 29,408,000 and HKD 20,495,000 respectively), the group is also expected to record a substantial decrease in profit attributable to the owners of the Company for the six months ended 31 December 2019 as compared to that for the six months ended 31 December 2018. The expected decrease in profit attributable to the owners of the Company for the six months ended 31 December 2019 is mainly due to the change of fair value of the Group's investment properties (for the six months ended 31 December 2019: net loss on fair value change of HKD 23.6 million; for the six months ended 31 December 2018: net gain on fair value change of HKD 338.3 million), but offset by the reduction in income tax expenses (for the six months ended 31 December 2019: approximately HKD 132.2 million, for the six months ended 31 December 2018 HKD 256.0 million).