Asia Tele-Net and Technology Corporation Limited provided earnings guidance for the year ended 31 December 2019. Based on the preliminary review on the Company's unaudited consolidated management accounts, the Group is expected to record a significant increase in its profit for the year ended 31 December 2019 as compared to the reported profit for the year ended 31 December 2018. The factors attributable to the significant increase in profit include, inter alia, the increase in the gain on re-measurement of deferred consideration; the gain on change in fair value of additional cash consideration and imputed interest income from guaranteed cash consideration. These gains were in relation to the Longhua development project. The Group also recorded an increase in gross profit margin.