Town Ray Holdings Limited provided earnings guidance for the year ended 31 December 2019. For the year, the company is expected to record an increase in net profit attributable to owners of the company for FY2019 of not less than 50% over that of the previous year. The increase in net profit attributable to owners of the Company in FY2019 was primarily attributable to the increase in sales of the Group; and decrease in costs as a result of the depreciation of Renminbi against Hong Kong Dollar.