Prosperity International Holdings (H.K.) Limited provided earnings guidance for the year ended 31 March 2019. The group expects to record a loss ranging from HKD 1,900 million to HKD 2,000 million for the year ended 31 March 2019, mainly attributable to: decrease in the revenue generated from the sales of properties; the impairment of mining rights and the property, plant and equipment of the Group; the impairment of a prepayment of the Group to an iron ore supplier; the impairment of certain receivables of the Group; and unrealised fair value loss on financial assets at fair value through profit or loss of the Group.