Ocean Sky International Limited provided financial guidance for the financial year ended 31 December 2020. The Group is expected to record a net loss for the fiscal year 2020. This was mainly attributable to adverse impact of the COVID-19 outbreak affecting the Group, resulting in lower level of work performed and certified from the ongoing construction and engineering projects as well as fair value loss on investment property in Melbourne, Australia; share of loss of joint ventures results; and under-provision of income tax, related tax penalties and interest.