LKS Holding Group Limited provided consolidated earnings guidance for the six months ended 30 September 2020. The Group is expected to record a decrease in net profit ranging from approximately 30% to 50% for the six months ended 30 September 2020 as compared with the net profit of approximately HKD 10.2 million for the corresponding period in 2019. The Board considers the decrease in net profit was mainly attributable to (i) the decrease in revenue due to a decline in the number of projects undertaken during the period as a result of the outbreak of novel coronavirus ("COVID-19") pandemic; and (ii) the decrease in gross profit margin due to the adoption of competitive project pricing in response to the intense market competition amid the COVID-19 pandemic.