Polytec Asset Holdings Limited is expected to record a decrease in net profit attributable to equity shareholders of the Company in the range of 35% to 45% for the year ended 31 December 2020 as compared to that for 2019. Such decrease was mainly due to the net effect of the decrease in the income from and the amount of the fair value change on the interests in property development held by the Group in respect of the La Marina development project (located at Lotes T+T1) in Macau and the decrease in the amount of impairment loss made for the oil production and exploitation assets in the Group's South Alibek Oilfield in Kazakhstan. Excluding revaluation changes from the joint venture's investment properties net of tax and fair value changes on its interests in the property development projects, the Group's underlying net profit attributable to equity shareholders of the Company for the year ended 31 December 2020 was expected to increase in the range of 10% to 20% as compared to that for 2019.