Million Cities Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2020 . The board of directors of the Company informed the shareholders of the Company and potential investors that based on the preliminary assessment of the latest consolidated management accounts of the Group for the year ended 31 December 2020 and the information currently available, as compared to a profit of approximately MYR 17.7 million recorded for the year ended 31 December 2019, the group is expected to record a profit of approximately MYR 230 million for fiscal year 2020. During the second half of 2020, the Group continued to deliver Million Cities Legend Phase 2 to customers. As at 31 December 2020, most of saleable gross floor area (``GFA'') of Million Cities Legend Phase 2 was delivered to customers. Revenue from the sale of properties at Million Cities Legend Phase 2 amounting to approximately MYR 504 million was further recognized upon delivery during the second half of 2020. As a result, the revenue of the Group for fiscal year 2020 increased and the Group is expected to record an increase in profit for fiscal year 2020.