B & D Strategic Holdings Limited provided group earnings guidance for the six months ended September 30, 2020. The board of directors of the company inform the shareholders of the company and potential investors that, based on the current information available to the Board and a preliminary review of the latest unaudited consolidated management accounts of the Group for the six months ended 30 September 2020, it is expected that the Group will record a decrease in consolidated net profit of approximately 60% as compared to the consolidated net profit of approximately HKD 23 million in the corresponding period of 2019. The decrease of profit was primarily attributable to the following factors: certain projects with relatively larger contract sums were completed in previous financial year and certain new projects undertaken in the Period are with lower contract sums resulting in reduction of contribution in revenue and net profit; and progress of certain projects was affected and delayed by reason of adverse impact of the COVID-19 pandemic and unexpected complexity of construction works which resulted in increase in construction costs and reduction of overall gross profit margin.