Beaver Group (Holding) Company Limited provided earnings guidance for the three months ended 30 June 2019. For the period, based on a preliminary review of the unaudited consolidated management accounts of the Group for the three months ended 30 June 2019, the company expects to record a net profit ranging from approximately HKD 1.0 million to approximately HKD 2.0 million for the three months ended 30 June 2019 as compared with a net profit of approximately HKD 3.5 million for the same period in 2018. The Board considers that the decrease in net profit was primarily attributable to the decrease in revenue recognised by the Group for the three months ended 30 June 2019 due to the progress delay of the Studio City Phase 2 project in Macau that has a contract sum of approximately HKD 27.0 million and has not received the necessary design approval and the work permit from the government authority in time.