China Demeter Financial Investments Limited reported earnings guidance for the six months ended June 30, 2019. The Group is expected to record a loss after tax for the Period of not more than SGD 1 million as compared to a after tax profit recorded for the corresponding period in 2018. The Board considers that such loss position is principally due to a decrease in revenue, which was mainly due to the completion of contracts in hand in the prior year leading to a decrease in outstanding contract value brought forward from the beginning of the Period, which led to a decrease in the number of ongoing projects. As at 30 June 2019, the Group had an aggregate outstanding contract value of approximately SGD 22.6 million, of which, three contracts with an aggregate contract value of approximately SGD 16.7 million were awarded during the six months ended 30 June 2019.