Town Health International Medical Group Limited provided consolidated earnings guidance for the year ended 31 December 2019. For the year, the company expected to decrease significantly as compared with the consolidated profit of the Group for the year ended 31 December 2018 ("Year 2018") of approximately HKD 85.5 million. Such decrease was mainly attributable to (a) a fair value loss of the Group 's investment properties for Year 2019 (while a fair value gain of approximately HKD 25.7 million of the Group's investment properties was recorded for Year 2018); and (b) the absence of reversal of impairment loss in respect of promissory note for Year 2019 (while reversal of impairment losses in respect of promissory note of HKD 30 million and other receivables of approximately HKD 2.3 million were recorded for Year 2018).