The board of directors of WT Group Holdings Limited announced that, based on information currently available to the Board, the Group is expected to record a net loss after tax ranging from approximately HK$3.7 million to approximately HKD 4.1 million for the six months ended 31 December 2020 as compared to the net profit after tax of approximately HK$0.1 million for the corresponding period in 2019. The reversal of net profit after tax to net loss after tax was mainly attributable to the decrease in revenue and gross profit due to the decrease in the number of construction projects and the decline in the overall gross profit margin of the projects undertook by the Group during the six months ended 31 December 2020 compared to the corresponding period in 2019.