Playmates Holdings Limited provided preliminary unaudited earnings guidance for the six months ended June 30, 2020. The company group is expected to be approximately HKD 209 million as compared to HKD 292 million for the corresponding period in 2019. It is expected that the Group will record a net loss of approximately HKD 291 million as compared to a net profit of HKD 166 million for the corresponding period in 2019. The loss for the said period was mainly attributable to: (1) an unrealized revaluation deficit of approximately HKD 310 million arising from the revaluation of the Group's investment properties as compared to a revaluation surplus of HKD 1 million for the corresponding period in 2019; (2) the performance of the Company's major subsidiary, Playmates Toys group. The revenue of the Playmates Toys group is approximately HKD 84 million as compared to HKD 157 million for the corresponding period in 2019. The Playmates Toys group expects to report a net loss of approximately HKD 53 million as compared to a net loss of HKD 20 million for the corresponding period in 2019. The increase in loss was mainly attributed to underperformance of both established and new brands while global economic activities were devastated by the COVID-19 pandemic; and (3) a decrease in the revenue of the food and beverage business by approximately 40% in the first half of 2020 as it was affected by the weakened consumer sentiment due to the Pandemic.