Allied Sustainability and Environmental Consultants Group Limited provided earnings guidance for the year ended March 31, 2020. For the year, the company expects to record net profit after tax of approximately HKD 0.8 million as compared to the net loss after tax of approximately HKD 9.9 million for the year ended 31 March 2019. The Board believes that the aforesaid turnaround from net loss to net profit was mainly attributable to the increase in revenue by approximately 41.1% for the year ended 31 March 2020. The expected increase is mainly driven by increment of new contracts awarded and substantial progress achieved in the Group's ongoing projects for the year ended 31 March 2020.