JTF International Holdings Limited provided consolidated earnings guidance for the three months ended 31 March 2019. For the period, the company on a preliminary assessment of the unaudited consolidated management accounts of the Group and other information currently available, the Group is expected to record a substantial decrease in its profit attributable to owners of the Company for the three months ended 31 March 2019 as compared to that for the three months ended 31 March 2018. Despite the overall increase in oil price during the first quarter of 2019, the unfavorable results were mainly attributable to decrease in sales for certain oil and petroleum products in January and February 2019 as a result of (1) the holiday effect of Chinese New Year in early February 2019; and (2) customers' cautious sentiment towards the market environment developed since the last quarter of 2018. These resulted in decrease in sales volume of the oil products of the Group for the same period, thus affecting the Group's results for the three months ended 31 March 2019.