Allied Technologies Limited provided group earnings guidance for the third quarter and nine months ended 30 September 2020. The Board of Directors of the company announced that based on the preliminary review of the draft third quarter and nine months unaudited consolidated financial results for the financial period ended 30 September 2020, the Group is expected to report a net profit for the third quarter of 2020 but a net loss for nine months of 2020. This is mainly due to the fact that the COVID-19 pandemic that has affected economies globally has resulted in the metal stamping segment reporting lower revenue due to the significant drop in global demand for its customers' products, mainly consisting of office equipment such as copiers and the net profit for third quarter of 2020 was unable to cover the losses incurred in the previous two quarters.