Luks Group (Vietnam Holdings) Company Limited provided earnings guidance for the six months ended June 30, 2020. Based on the preliminary assessment by the management of the Company on the unaudited consolidated management accounts of the Group for the six months ended 30 June 2020, the board of directors of the company announced that the company expected to record a decrease in net profit for over 40% for the six months ended 30 June 2020 as compared to the corresponding period of 2019. The profit decline was mainly attributable to the substantial decrease in incomes from the Group's cement business in Vietnam and hotel business in Hong Kong, largely due to the impact from the covid-19 virus pandemic situation during the period. Besides, a one-off gain of approximately HKD 15.6 million recorded in the first half of 2019 from the recovery of deposits on several pieces of land in Vietnam, was also one of the main reasons attributable to the profit decline for the six months ended 30 June 2020 when comparing to its corresponding period in 2019.