Paliburg Holdings Limited provided unaudited consolidated earnings guidance for the six months ended June 30, 2019. For the six months, the company group profit is expected to decrease by about 50% as compared with that reported for the corresponding period in 2018. The expected decrease in the profit attained for the period was primarily due to the fact that, in the comparative period last year, there were substantial profits derived from the completed sales of the residential units in the composite development in Tianjin, the People's Republic of China undertaken by Cosmopolitan International Holdings Limited, a listed subsidiary of the company. While for the six months ended 30th June, 2019, despite the substantial contracted sales secured at Mount Regalia in Kau To in Hong Kong developed by P&R Holdings Limited, a subsidiary of the company, and the contracted pre-sales of the residential units in the third stage of the other composite development undertaken by Cosmopolitan in Chengdu, the PRC, the profits recognized from property sales were relatively small, as profits from property sales will only be recognized when the properties sold are handed over to the respective purchasers after completion of the relevant sales.