Allied Group Limited provided earnings guidance of the Group for the six months ended June 30, 2020. For the period, the company expects that the profit attributable to the owners of the Company for the six months ended 30th June, 2020 will have a significant decrease ranging from 80% to 90% as compared to the unaudited consolidated profit attributable to owners of the Company for the corresponding period in 2019. The estimated decrease in Attributable Profit is mainly attributable to (i) mark-to-market losses in the financial instruments in the investing business of SHK as a result of significant market volatility; (ii) lower interest income and higher provisions for expected credit losses for the Group's lending business during the on-going COVID-19 situation and market conditions; (iii) a net decrease in fair value of investment properties held by the Group instead of a net increase in fair value when compared to the corresponding period in 2019; (iv) decrease in contribution from TACI mainly due to a decrease in fair value of TACI's investment properties and decrease in share of profit of TACI's joint ventures; and (v) attributable loss on share of results of APAC.