Man Shun Group (Holdings) Limited provided unaudited earnings guidance for the six months ended June 30, 2019. The Group is expected to record a decrease in net profit after tax for the six months ended 30 June 2019 by more than 80% as compared with that for the corresponding period in 2018. The Board considers the expected decrease in net profit after tax as primarily attributable to the protracted delay and slowdown in construction progress of a substantial project situated in close proximity to the Tai Wai mass transit station which was awarded to the Group in the first half of 2018, causing a significant delay in revenue recognition (and correspondingly the by-project gross profit) for the Group for the five months ended 31 May 2019; and a general slowdown in the property market in Hong Kong and the general negative atmosphere surrounding the macroeconomic and geopolitical uncertainties in the recent times, which also resulted in a general slowdown in commencement and/or construction progress of certain of the Group's other projects and negatively affected the availability of new projects for tendering.