Hang Yick Holdings Company Limited provided earnings guidance for the six months ended 30 September 2020. The Group expects that its net profit for the Reporting Period will significantly decrease by approximately 90% as compared to the Group's net profit of HKD 9.0 million for the six months ended 30 September 2019. The Directors consider that the expected significant decrease in the Group's net profit for the Reporting Period is mainly due to i) the significant increase in staff costs of approximately HKD 18.4 million, or approximately 72%, for workers at construction sites yet a smaller growth in the Group's revenue of approximately 9% for the same period. The overall efficiency of the construction works was influenced by measures implemented at the construction sites, such as stringent social distancing and hygiene arrangements for construction workers, in response to the outbreak of the COVID-19, resulted in relatively higher staff costs but yet slower progress of the construction works, ii) Delays of the Group's construction works caused billing delays to the Group's certain customers given that the required progress of the construction works for certain construction projects were not achieved, and accordingly, lesser revenue was recognised in respect of those construction projects during the Reporting Period; and iii) two existing projects during the Reporting Period were in the completion stage and that the actual revenue certified by the customers was comparatively lower than the actual costs incurred.