Cosmos Machinery Enterprises Limited provided earnings guidance for the six months ended 30 June 2018. The Group is expected to record an increase in unaudited consolidated profit for the six months ended 30 June 2018 of not less than HKD 56,000,000 as compared to the period ended 30 June 2017. This increase was mainly attributable to: a gain on disposal of entire issued share capital of MS Plasticorp, an indirect wholly-owned subsidiary of the Company prior to the completion of the disposal and incorporated in Cook Islands with limited liability, of approximately HKD 44,500,000, after deducting the related statutory cost and expenses. Details of the disposal are set out in the Company's announcements dated 1 September 2017, 11 October 2017, 22 December 2017 and 20 March 2018, and the circular of the Company dated 20 September 2017; and improvement in the operating results of the plastic products and processing business for the six months ended 30 June 2018 compared to the same period last year.