SFK Construction Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2019. The group's consolidated net profit for the six months ended 30 June 2019 is expected to decrease by approximately 70% to 80% as compared with the six months ended 30 June 2018. Such decrease in profit for the six months ended 30 June 2019 is mainly attributable to: Decline in the overall gross profit margin as a result of replacement of non-performing subcontractors leading to an increase in overall subcontracting costs; Unexpected prolonged period of inspection of work done and certification of payments caused deterioration in project cash flows and increase in financing costs; and Certain projects with relatively high profit margin were completed or nearly completed during the period and contributions in revenue and profit by such projects were reduced.