Tern Properties Company Limited provided earnings guidance for the six months ended 30 September 2019. The board of directors of the Company announced that based on the information currently available to the Board and the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 September 2019, it is expected to record a significant loss for the Period attributable to owners of the Company as compared to recording a profit for the six months ended 30 September 2018; and that the total comprehensive expenses attributable to owners of the Company for the Period may record a significant increase as compared with that for the six months ended 30 September 2018. The turnaround of the Group's interim results was primarily attributable to a significant decrease in the fair value of investment properties of the Group during the Period.