Modern Living Investments Holdings Limited provided earnings guidance for the nine months ended 30 September 2019. The company group is expected to record a decrease of approximately 45% in net profit for third quarter 2019 as compared to the net profit of approximately HKD 9.5 million for the nine months ended 30 September 2018. The decline is mainly attributable to (i) the increase in employee benefit expenses resulting from salary increment and the fact that more staff and workers were employed during the commencement of services for the two new public housing estates and one HOS estate in April 2019; and (ii) the increase in other operating expenses resulting from the significant increase in insurance premium for employees' compensation charged by the insurance company.