Lifestyle International Holdings Limited provided earnings guidance for the year ended 31 December 2020. For the year, the company expects to record a profit attributable to owners of the Company of approximately HK$138 million, down 93% from HK$1,891 million recorded in 2019. The significant year-on-year profit drop was mainly due to i) a substantial fall in the Group's sales and revenue, which was a direct result of the severe adverse impacts from the novel coronavirus (COVID-19) pandemic and its containment measures to the foot traffic as well as reduced operating hours of the stores of the Group during the Year; and ii) a much smaller interest and investment gain is expected to be recorded as comparing to an approximately HK$740 million recorded in 2019. The expected turnaround from a loss in the first six months ended 30 June 2020 (the "Period") into a profit for the Year was mainly attributable to a generally slight improvement in consumer sentiment and hence sales of the Group in the second half of the year as well as an expected interest and investment gain for the Year whereas it was a loss of approximately HK$303 million for the Period in respect of the Group's cash and financial investment portfolio.