CFM Holdings Limited provided Group earnings guidance for the full financial year ended 30 June 2020. Based on the preliminary figures, the Group expects to record a net loss after tax for fiscal 2020 as compared to the profit after tax for the previous corresponding financial year ended 30 June 2019 mainly due to decline in revenue and profit margin. This decline was due to (a) the slowdown in trade and economy caused by the Covid 19 global pandemic; (b) another important customer has delayed manufacturing of their products through us, arising from the current market disruption; and finally (c) an increase in administrative expenses mainly due to higher depreciation charges.