Rimbaco Group Global Limited provided earnings guidance for the year ended October 31, 2020. The company announced that based on a preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended October 31, 2020, the Board expects that the consolidated net profit attributable to owners of the Company for Year 2020 would have decreased by not less than 10% as compared to the consolidated net profit attributable to owners of the Company for the year ended October 31, 2019 of approximately MYR 12.2 million. The main reason was due to the prolonged novel coronavirus pandemic outbreak since early 2020 together with the Movement Control Order issued by the Malaysian government which had imposed adverse impacts on the economy of Malaysia and resulted in the delay of the Group's building construction projects during Year 2020, which collectively affected the Group's revenue, business and financial results.