Wharf (Holdings) Limited provided earnings guidance for the year ended December 31, 2019. Based on the information currently available to the company and preliminary assessment of the latest unaudited management accounts of the group, the Board of Directors of the company advise shareholders and investors that the group's profit attributable to equity shareholders for the year ended 31 December 2019 is anticipated to decline by about 50% as compared to 2018, mainly due to provisions against possible impairment losses on certain Mainland development properties on assessment of their net realizable value under prevailing market conditions.