Allied Technologies Limited provided group earnings guidance for the second quarter and first half of 2020. The Group is expected to report a net loss for second quarter and first half of 2020. This is mainly due to the fact that the COVID-19 issue that has affected economies globally and has resulted in the metal stamping segment reporting lower revenue due to the significant drop in global demand for customers' products. As disclosed in announcements dated 30 April 2020 and 14 May 2020, the Group's revenue per month in February and March 2020 had decreased by 25 ­ 35% as compared to the period of January 2020.