Grand Talents Group Holdings Limited provided group earnings guidance for the three months ended 30 June 2020. The Group is expected to record (i) a turnaround from gross profit of HKD 3.7 million for the three months ended 30 June 2019 to gross loss of HKD 1.6 million for the three months ended 30 June 2020; and (ii) a net loss before tax of approximately HKD 5.1 million for the three months ended 30 June 2020 as compared to a net profit before tax of approximately HKD 0.1 million for the three months ended 30 June 2019. Such losses are mainly attributable to decrease in revenue of approximately HKD 11.2 million mainly due to (i) the completion of four repair and maintenance works and one civil engineering construction works; (ii) the negative impact arising from social unrest and the outbreak of novel coronavirus which affected the progress of several on-going construction projects and the number of available tenders in the industry; and (iii) the overall economic recession in Hong Kong.