The board of directors of Southeast Asia Properties & Finance Limited announced that the annual results of the Group for the year ended 31 March 2019 are expected to record a loss or significant decline in the net profit as compared with that for the year ended 31 March 2018. It is mainly attributable to, the decrease in the gain arising on change in fair value of the Group's investment properties by around 79%; the increase in spin-off expenses incurred for an attempted spin-off and separate listing of the Group's hotel business on the GEM of the Stock Exchange by around 124%; and the impairment loss in the Group's interest in the Group's associate, Titan Dragon Properties Corporation.