Safety Godown Company, Limited provided consolidated earnings guidance for the six months ended 30 September 2020. The Group's loss before tax for the six months ended 30 September 2020 (the "Period") is expected to be approximately HKD 93 million as compared with a loss of approximately HKD 26 million recorded for the previous corresponding financial period. The expected loss was mainly caused by the decline in revenue of approximately 22% and a fair value loss arising from revaluations of the investment properties of the Group amounting to be approximately HKD 170 million based on draft valuation reports prepared by independent valuers (whereas a fair value loss of approximately HKD 66.9 million was recorded for the previous corresponding financial period).