The board of directors of Tern Properties Company Limited announced that, based on the information currently available to the Board and the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 March 2019, it is expected that the profit for the Year attributable to owners of the Company may record a significant decline as compared with that for the year ended 31 March 2018. Such decline was primarily attributable to (i) the net realised loss of approximately HKD 28.1 million resulting from the disposal by the Group of certain debt securities during the Year; and (ii) the unrealised loss of approximately HKD 15.7 million due to the decrease in fair value of the Group's investment properties during the Year.