Wah Wo Holdings Group Limited provided consolidated earnings guidance for the six months ended 30 September 2020. For the six months, the company announced that, based on a preliminary review of the unaudited consolidated management accounts of the group for the six months ended 30 September 2020 and the information currently made available to the board, the Group is expected to record a consolidated net profit not more than HKD 9.6 million for the six months ended 30 September 2020 as compared to an unaudited consolidated net profit of approximately HKD 28.9 million (after excluding the one-off listing expenses of approximately HKD 7.5 million incurred in relation to the listing of the shares of company on the Main Board of the Stock Exchange in January 2020) for the corresponding period in 2019. Such decrease in net profit was mainly attributable to the decrease in gross profit and gross profit margin due to the following factors: (i) following the outbreak of the novel coronavirus (COVID-19), the supply chain management and production capacity across the construction material suppliers have been affected, which resulted in a delay in suppliers' delivery of construction materials which is beyond the control of the Group. In order to catch up with the schedule of the on-going projects, the Group incurred additional costs to speed up the installation process, which caused the surge of costs in certain projects; and (ii) the increase in overall construction costs due to additional costs incurred for subcontracting works for the on-going projects as a result of unstable project schedules during the COVID-19.