Mallouppas & Papacostas Public Co Ltd. provided earnings guidance for the year ended December 31, 2019. For the period, the company expects the Group's results for the year ended 31 December 2019 will be significantly decreased compared to the corresponding results for the year ended 31 December 2018. The decrease in profitability for the year ended 31 December 2019 compared to the corresponding year of 2018 is mainly due to the effect of the implementation of the IFRS16 Leases as of 1 January 2019, the decrease in the profitability coming from the activity of sale of furniture and house equipment, the loss from the termination of a non-profitable activity and the increase in fair value profit on the investments in immovable property.