Kowloon Development Company Limited provided consolidated earnings guidance for the year ended 31 December 2020. Based on a preliminary review of the draft unaudited consolidated management accounts of the Group for the year ended 31 December 2020, the Group is expected to record a significant decrease in net profit attributable to shareholders of the Company in the range of 60% to 70% for the year ended 31 December 2020 as compared to that of the corresponding period in 2019.