Luks Group (Vietnam Holdings) Company Limited provided earnings guidance for the year ended 31 December 2020. The Group is expected to record a decrease in net profit of about 50% for the year ended 31 December 2020 as compared to that of 2019. The profit decline was mainly attributable to a significant decrease of fair value gain on the investment properties of the Group for the year ended 31 December 2020 as compared to that of 2019; and a 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 year. Besides, a one-off gain of approximately HKD 15.6 million recorded in the year of 2019 from the recovery of deposits on several pieces of land in Vietnam, also contributed to the profit decline for the year ended 31 December 2020 when comparing to that of 2019.