AM Group Holdings Limited provided consolidated earnings guidance for the ten months ended 30 April 2020. The Group for the ten months ended 30 April 2020 and the information currently available to the Company, it is expected that the Group would record a substantial decrease in profit by not more than 55% for the year ending 30 June 2020 as compared to that of approximately SGD 5.7 million for the year ended 30 June 2019 (after excluding the one-off listing expenses of approximately SGD 3.0 million incurred in relation to the listing of the shares of the Company on the Main Board of the Stock Exchange for the Year 2019). Such expected decrease in profit was mainly attributable to (i) the drop in revenue and gross profit due to the overall reduction in revenue from search engine marketing services as well as creative and technology services caused by the outbreak of the novel coronavirus disease 2019 (COVID-19) in Singapore as customers cut down on spending due to the slowing economy especially after the ``Circuit Breaker'' measures which had been implemented to restrict operations and movements in Singapore since early April 2020; and (ii) higher staff costs as compared to those of the Year 2019.