Golden Resources Development International Ltd. provided preliminary consolidated earnings guidance for the six months ended September 30, 2018. The company's board of directors announced that, based on the preliminary review of the Group's unaudited consolidated management accounts and the information currently available, the Board estimates that the Group is expected to record a loss for the six months ended September 30, 2018, as compared with a profit for the corresponding period in 2017. Such turnaround from a profit into a loss is primarily due to the absence of one-off gain on disposal of a subsidiary for HKD 7 million and the share of HKD 14 million profits from the Group's investment in an associate as recorded in the corresponding period of 2017; and the decrease in revenue and gross profit margin of the Group's rice business which was attributed to the fluctuations of international rice price.