Termbray Industries International (Holdings) Limited provided Group earnings guidance for the six months ended 30 September 2018. The board expects that the interim results of the Group for the six months ended 30 September 2018 will record a loss, as compared to the profit of approximately HKD 67 million for the corresponding period in 2017. The recording of such loss for the six months ended 30 September 2018 as opposed to profit for the corresponding period in 2017 is primarily due to: non-recurring items recorded for the six months ended 30 September 2017 as follows: the recognition of a fair value gain of approximately HKD 18 million on an investment property; the recognition of a gain of approximately HKD 64 million on assets distributed to the shareholders of the Company resulting from a special interim dividend in the form of a distribution in specie of 526,180,335 shares in Petro-king Oilfield Services Limited held by the Group; and the recognition of foreign exchange loss arising from the devaluation of the Renminbi currency by approximately 9% during the six months ended 30 September 2018.