Kwong Man Kee Group Limited provided unaudited consolidated earnings guidance for the three months ended 30 June 2019. The group is expected to record net profit before tax of approximately HKD 0.3 million for the three months ended 30 June 2019 as compared to net profit before tax of approximately HKD 2.5 million recorded for the three months ended 30 June 2018, representing a decrease of net profit before tax of approximately 88%. Such decline is mainly attributable to: a decline in gross profit margin which was primarily caused by - keen competition in the car park flooring industry; increase of usage of material and subcontractor cost to meet the variation orders in certain projects; and lower pricing strategy for Macau projects.