C-Link Squared Limited provided consolidated earnings guidance for the year ended 31 December 2020. The group is expected to record a consolidated net loss of approximately MYR 3.7 million as compared to the consolidated net profit of approximately MYR 13.1 million for the year ended 31 December 2019. Such expected net loss was mainly attributable to: (i) the decrease in gross profit recognized for Fiscal year 2020 as compared to that for Fiscal year 2019 as a result of the slowdown in economy and implementation delay of certain projects of the Group caused by the unprecedented outbreak of the novel coronavirus pandemic (COVID-19 Outbreak) and the country-wide lockdown measures imposed by the Malaysian government during the year; (ii) additional administrative costs incurred by the Group for meeting its post-listing obligations and long-term business development; (iii) the increase in provision of allowance for expected credit losses on trade receivables as a result of the slowdown in economy caused by the COVID-19 Outbreak in Malaysia; and (iv) the increase in listing expenses incurred in relation to the listing of the shares of the Company on the Main Board of the Stock Exchange on 27 March 2020.