K & P International Holdings Limited provided earnings guidance for the year ended 31 December 2019. The company is expected to record a substantial increase in the consolidated profit attributable to owners of the Company for the year ended 31 December 2019 by more than 10 times, as compared to that for the year ended 31 December 2018. Such an increase in the consolidated profit attributable to owners of the Company is primarily attributable to (i) the absence of the provision for the one-off staff compensation (which was incurred in 2018) for the closure of a factory (the "Shiyan Factory") in the Group's precision parts and components business segment, as the relevant landlord was not agreeable to the renewal of the lease for the factory premises, (ii) the cessation of the Group's loss making consumer electronic products business segment, and (iii) the decline in the exchange rate of Renminbi (as the Group's manufacturing operations were and are carried out in China) against the Hong Kong Dollar (being the Company's financial reporting currency). However, the Board would also note that the closure of the Shiyan Factory had adversely impacted on the production activities, and hence the revenue, of the Group for the financial period ended 31 December 2019.