Baguio Green Group Limited provided preliminary unaudited earnings guidance for the six months ended June 30, 2020. The company and potential investors that the group's profit after tax is expected to substantially increase by approximately 200% from approximately HKD 3.6 million for the six months ended 30 June 2019 to not less than HKD 11 million for the six months ended 30 June 2020. Such substantial increase in the group's profit was mainly from the other income with the amount of approximately HKD 15.5 million relating to the subsidies under the Anti-epidemic Fund set up by The Government of the Hong Kong Special Administrative Region during the six months ended 30 June 2020 partially offset by a decrease in gross profit by approximately 23% due to keen competition and a decrease of revenue during the same period.