Perennial International Limited provided group earnings guidance for the six months ended 30 June 2020. The group is expected to record a loss of not less than HKD 10 million attributable to the Shareholders for the six months ended 30 June 2020 as compared to the net profit of approximately HKD 4,220,000 for the corresponding period in 2019. The Board considered that the aforesaid loss was mainly due to (i) the outbreak of COVID-19 pandemic which resulted in approximately 25% decrease in the Group's sales revenue; and (ii) a provision for impairment loss on trade receivables of approximately HKD 4.5 million.