Cheuk Nang (Holdings) Limited provided earnings guidance for the year ended 30 June 2020. For the year, is expected to record a significant increase in revenue and gross profit for the year ended 30 June 2020 (HKD 552,880,000 and HKD 370,596,000 respectively) as compared to those for the year ended 30 June 2019 (HKD 201,541,000 and HKD 146,206,000 respectively), the Group is also expected to record a significant decrease in profit attributable to the owners of the Company for the year ended 30 June 2020 as compared to that for the year ended 30 June 2019. The expected decrease in profit attributable to the owners of the Company for the year ended 30 June 2020 is mainly due to the change of fair value of the Group's investment properties (for the year ended 30 June 2020: net gain on fair value change of approximately HKD 5.8 million; for the year ended 30 June 2019: net gain on fair value change of approximately HKD 683.4 million), administrative expenses (for the year ended 30 June 2020: approximately HKD 109.3 million, for the year ended 30 June 2019: approximately HKD 68.9 million), income tax expenses (for the year ended 30 June 2020: approximately HKD 244.4 million, for the year ended 30 June 2019: approximately HKD 166.50 million).