HPC Holdings Limited provided group earnings guidance for the year ended October 31, 2018. The board of directors of the Company announced that, based on preliminary and assessment of information currently available to the Group, the Group expects to record a significant decrease in profit attributable to owners of the Company for the year ended 31 October 2018 as compared to the audited results for the year ended 31 October 2017 by approximately 50%. The expected significant decrease in profit was mainly due to, among other things, the following reasons: with intense competition in Singapore construction market, gross profit margins for newly awarded projects were significantly dragged down coupled with the number of awarded projects during the year is significantly lower than expected; and the progress of certain projects undertaken by the Group during the year were slower than expected.