Tern Properties Company Limited provided group earnings guidance for the full year ended March 31, 2020. Based on the information currently available to the Board and the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 March 2020, it is expected that the audited consolidated statement of profit or loss and total comprehensive income of the Company for the Year may record a significant loss attributable to owners of the Company as compared to a profit for the year ended 31 March 2019 ("Last Year"). The turnaround of the Group's results was primarily attributable to a significant decrease in the fair value of investment properties of the Group as compared to that as of the end of Last Year.