Vinda International Holdings Limited provided earnings guidance for the second quarter and six months ended 30 June 2020. The board of directors of the company informed the shareholders of the company and potential investors that, based on the preliminary review of the management accounts of the Group, the company's operating profit for the three months ended 30 June 2020 is expected to increase by around 152% as compared to the three months ended 30 June 2019, the company's profit attributable to the equity holders of the company for second quarter 2020 is expected to increase by around 154% as compared to second quarter 2019. The company's operating profit and profit attributable to the equity holders for second quarter 2020 are expected to be around HKD 730 million and around HKD 535 million, respectively. In addition, the company's revenue for second quarter 2020 is expected to be around HKD 4,215 million, representing a growth of around 11% and an organic growth of around 15% while compared to second quarter 2019. Based on the preliminary review of the management accounts of the group, the company's operating profit for the six months ended 30 June 2020 ("first half 2020") is expected to increase by around 100% as compared to the six months ended 30 June 2019 ("first half 2019"), the company's profit attributable to the equity holders of the company for first half 2020 is expected to increase by around 108% as compared to first half 2019. The company's operating profit and profit attributable to the equity holders for first half 2020 are expected to be around HKD 1,257 million and around HKD 913 million, respectively. The positive profit development of first half 2020 is mainly due to the low pulp price and continuous portfolio mix enhancement. In addition, the company's revenue for first half 2020 is expected to be around HKD 7,634 million, representing a growth of around -3% and an organic growth of around 1% while compared to first half 2019.