Wang On Properties Limited provided consolidated earnings guidance for the year ended March 31, 2019. The board of directors announced that based on the preliminary review on the draft unaudited consolidated management accounts of the Group for the year ended 31 March 2019, the Group expects that the profit attributable to owners of the parent will be approximately 70% lower than that as compared with the corresponding period in 2018. Such decrease was primarily attributable to, among other things, the decrease in other income recognised from the net gains on disposal of subsidiaries and a gain on remeasurement of 50% equity interest in a company retained by the Group classified as a joint venture in the last corresponding period, net of the profit recognised from completion of a property development project during the period under review.