Crocodile Garments Limited provided earnings guidance for the six months ended January 31, 2019. For the period, the company expects consolidated profit attributable to owners of the company to be within the range of HKD 37 million to HKD 44 million. The expected deterioration in the group's results for the period is primarily due to the large decrease in gains arising from the revaluation of the group's investment properties and the material devaluation of the financial assets at fair value through profit and loss, but partly offset by an improving performance of the group's garment business which included a net reversal of provision for doubtful debts on trade and other receivables.