Lung Kee (Bermuda) Holdings Limited provided earnings guidance for the year ended 31 December 2018. For the year, consolidated profit attributable to the owners of the company for the year ended 31 December 2018 is expected to record a decrease by about 40% as compared with the consolidated profit attributable to the owners of the company for the year ended 31 December 2017. The decrease in the amount of the 2018 Profit is mainly attributable to the following principal factors: the absence of the one-off gain of about HKD 56,000,000, which was about 20% of the 2017 Profit, recorded in the year 2017, from a gain on disposal of the factory property by an indirect wholly-owned subsidiary of the company; and the intensified trade war between China and the United States has led to the slowdown in the economy and the sluggish markets for many industries in China. The China customers were very prudent in making investment decisions. Hence, the company's revenue and gross profit margin were badly affected during the second half of the year 2018.