ICO Group Limited provided group earnings guidance for the six months ended September 30, 2019. For the period, group's consolidated net profit is expected to decrease by not more than HKD 61 million as compared to that of the six months ended September 30, 2018. The expected decrease in Group's consolidated net profit for the period was mainly due to the net effect of the these factors: an increase in gross profit for the Period by not more than HKD 15 million as compared to the corresponding period; a decrease in aggregate of change in fair value of derivative component in convertible bonds and gain on conversion of convertible bonds by not more than HKD 32 million as compared to the Corresponding Period; a decrease in fair value gain on contingent consideration payable by not more than HKD 24 million as compared to the corresponding period; and an increase in general and administrative expenses by not more than HKD 17 million as compared to the Corresponding Period mainly due to the increase in payroll.