The board of directors of ITC Properties Group Limited announced that the group is expected to record a significant decrease in the net profit for the year ended 31 March, 2018 as compared with that reported for the year ended 31 March, 2017. The decrease in the net profit is mainly attributable to a significant decrease in the share of profits from an associate of the group during the year due to the delay in handover of the newly presold units of its residential project to June 2018.