Profit for the year attributable to owners of the Company decreased by 3.5% to HK$ 271.5 million (2017: HK$281.4 million). Core operating margin was 7.9% (2017: 9.0%), and the decrease in core operating margin was due to the higher overhead costs inherent in making investment in human resources, technologies and systems to effectively run the Pico+ strategies and other industry-leading initiatives like Pico X.