Emerging Towns & Cities Singapore Ltd. issue a profit guidance regarding the financial results of the Company and its subsidiaries for the full year ended 31 December 2018. The Group expects to be profitable for Fiscal Year 2018 mainly due to the handover of property units in phase 2 of the Golden City project which commenced during the fourth quarter ended 31 December 2018 and the consequent recognition of income from the handover of these units. This profit guidance is based on a preliminary review of the Fiscal Year 2018 unaudited financial results of the Group. Further details of the Group's financial performance will be disclosed when the Group announces its Fiscal Year 2018 unaudited financial results.