SFK Construction Holdings Limited announced earnings guidance for the six months ended 30 June 2020. The company announced that t is expected that the turnover of the Group for the Period would reduce by approximately 40% and the Group would record a consolidated net loss of approximately HKD 30 million for the Period as compared to a consolidated net profit of approximately HKD 13 million for the six months ended 30 June 2019. Based on the information currently available, the Board believes such change from profit to loss was mainly attributable to the following factors: Certain projects with relatively high profit margins were completed in the previous year resulting in a reduction of contributions in revenue and profit by such projects for the Period; and The outbreak of the novel coronavirus disease (COVID-19) decelerated the progress of existing projects, resulting in a reduction in revenue, an increase in project overhead costs and subcontracting costs and a decline in the overall gross profit margin.