Playmates Holdings Limited's board of directors announced unaudited earnings guidance for the three months ended March 31, 2020. For the period, the company announced revenue of approximately HKD 108 million as compared to HKD 141 million for the corresponding period in 2019. The Group has recorded a profit before property revaluation and income tax of approximately HKD 6 million for the said three month period as compared to the profit before property revaluation and income tax of HKD 54 million for the corresponding period in 2019. The decrease in profit was mainly attributable to: a net unrealised loss of HKD 14 million on decrease in fair values of the group's investment in equity securities for the three months ended 31 March 2020 as compared to a net unrealised gain of HKD 19 million on increase in fair values of the group's investment in equity securities for the corresponding period in 2019; the performance of the company's major subsidiary, Playmates Toys group. The revenue of the Playmates Toys group for the said three month period is approximately HKD 47 million as compared to HKD 74 million for the corresponding period in 2019. The increase in loss was mainly attributable to a substantial decrease in sales in the first quarter of 2020 primarily due to the slowdown of global economic activities owing to the outbreak of the COVID-19 pandemic; and a decrease in the revenue of the food and beverage business by approximately 48% in the first quarter of 2020 as it was affected by the weakened consumer sentiment due to the pandemic.