Redco Properties Group Limited provided earnings guidance for the six months ended 30 June 2018. The group expects unaudited consolidated net profit attributable to the owner of the company for the six months ended 30 June 2018 will record a significant increase of not less than 50% as compared with same period last year. The increase was mainly attributable to the gain from disposal of a commercial project and the increase in the gross project margin for properties delivered by the Group during the period. At the same time, the net gearing ratio of the Group as at 30 June 2018 is expected to be maintained at below 60%.