Kwong Man Kee Group Limited provided unaudited consolidated earnings guidance for the nine months ended December 31, 2019. The company group is expected to record a substantial decrease in profit by approximately 60% for the nine months ended 31 December 2019 as compared with profit for corresponding period of 2018. Such decline was mainly attributable to (i) the decrease of revenue due to the delay in commencement of some contracts being secured from property developers caused by the market and economic uncertainty since June 2019; and (ii) the increase in impairment loss on trade receivables, staff cost and depreciation during the nine months ended 31 December 2019.