Crocodile Garments Limited provided group earnings guidance for the year ended 31 July 2019. The Group's audited annual results for the year ended 31 July 2019 is expected to deteriorate greatly as compared to the consolidated profit attributable to owners of the Company of HKD 162,493,000 in the last year. The expected great deterioration in the Group's results for the Year is primarily due to the large decrease in gains arising from the revaluation of the Group's investment properties and the possible worsening performance of the garment business during the Year. The above deterioration is partly cushioned by the recovery in value of the financial assets at fair value through profit and loss in the second half of the Year.