Minmetals Land Limited provided consolidated earnings guidance for the full year ended December 31, 2018. The board of directors of the company inform the shareholders of the company and the potential investors that based on the preliminary review of the unaudited consolidated management accounts of the company, the revenue of the Group for the year ended 31 December 2018 is expected to drop approximately 8% due to the decrease in total gross floor areas of properties delivered. However, the respective profit attributable to equity holders of the company is expected to record an approximate 30% increase when compared to the year ended 31 December 2017. Based on the information currently available, the aforesaid increase in profit attributable to equity holders of the Company was primarily attributable to the improvement of business operations and effective cost control. For the year ended 31 December 2018, the overall gross profit margin is expected to record a slight increase while there is a certain decrease in expenses. In addition, there is a significant reduction in income tax expense, in particular the land appreciation tax expense as compared to the year ended 31 December 2017.