Wing Fung Group Asia Limited provided earnings guidance for the nine months ended September 30, 2021. For the period, the company expects to record a decrease in the revenue of the Company of at least 10.0% for the nine months ended 30 September 2021 as compared to the corresponding period of 2020. The Group also expects to record a net loss of not less than HKD 8.0 million for the Period as compared to the net profit of approximately HKD 6.7 million in the corresponding period of 2020. The Board believes that, such decrease in the revenue and expected net loss are mainly due to the following factors: unexpected prolonged completion of the Group's certain projects which led to overrun of project cost and resulted in significant decrease in the Group's expected gross profit margin of various projects; a drop in number of ongoing projects undertaken by the Group which were revenue generating during the Period which further drove down the Group's revenue recognised during the Period; and the decrease in revenue derived from projects in Macau which generally enjoy a relatively higher gross profit margin as compared to projects in Hong Kong.