In Construction Holdings Limited provided earnings guidance for the six months ended September 30, 2018. Based on preliminary assessment by the Board of the unaudited management accounts of the Group for the six months ended 30 September 2018, the Group is expected to record a notable decrease in its unaudited consolidated net profit for the Period, as compared to that of the corresponding period of last year. Such decrease was primarily attributable to, among other factors, increased in number of market participants, decreased in the number of open tenders and suppressed contract prices for both the public and private sectors due to severe competition in the foundation market. Such severe competition in the market had led to a relatively lower gross profit margin in some projects when compared with the overall gross profit margin for projects of the corresponding period last year.