Modern Living Investments Holdings Limited provided earnings guidance for the year 2019. For the period, the Group is expected to record a decrease of approximately 40% in net profit as compared to the net profit of approximately HKD 12 million for the year ended 31 December 2018. The decline is mainly attributable to (i) the increase in employee benefit expenses resulting from salary increment and the fact that more staff members and workers were employed after 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.