PPS International (Holdings) Limited provided consolidated earnings guidance for the six months ended December 31, 2019. For the six months, it is expected that a net loss between HKD 2.5 million and HKD 3.5 million attributable to the owners of the Company for the six months ended 31 December 2019 will be recorded as compared to the net profit of approximately HKD 10.1 million attributable to the owners of the Company for the six months ended 31 December 2018. The significant decline in the financial performance of the 2020 Interim Results is primarily due to the following reasons: recognition of impairment allowance for a loan receivable for the six months ended 31 December 2019; and significant decrease in the profit contributed from the Group's environmental and cleaning services in Hong Kong as a result of the increasing labor and manpower service costs during the six months ended 31 December 2019.