SOCAM Development Limited announced consolidated earnings guidance for the year ended December 31, 2020. The Group is expected to record an increase in consolidated net profit for the year ended 31 December 2020 (the "Year 2020") to around HKD 45 million, as compared to the consolidated net profit of approximately HKD 7 million for the year ended 31 December 2019 (the "Year 2019") and net loss of approximately HKD 130 million for the six months ended 30 June 2020 (the "2020 Interim Period").