Crocodile Garments Limited announced that, based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the five months ended 31 December 2019 and information currently available, the board of directors of the Company ("Board") announced that the Group's unaudited interim results for the six months ended 31 January 2020 ("Period") is expected to deteriorate greatly and record a consolidated loss attributable to owners of the Company (2019: profit of HKD 41,610,000). The expected great deterioration in the Group's results for the Period is primarily due to the substantial losses arising from the revaluation of the Group's investment properties and the worsening performance of the garment business during the Period.