UOL Group Limited provided earnings guidance for the first half of 2020. Following a preliminary assessment of the Company's unaudited financial results for first half of 2020 and taking into account the adverse change in the fair value of the investment properties owned by the Company and its subsidiaries (the "Group"), the Board of Directors issued a profit guidance that the Company expects to report an accounting loss for first half of 2020. The Group's operating performance for first half of 2020 has been impacted by the COVID-19 pandemic. Nevertheless, the financial position of the Group remains healthy with a low net gearing ratio of approximately 0.32 and the Group is expecting an attributable profit from operations before fair value losses from investment properties. As at 30 June 2020, the Group has unutilised credit facilities which are in excess of SGD 3.0 billion in aggregate.