The Board of Directors of CFM Holdings Limited issued a profit guidance for the six month financial period ended 31 December 2020 ("HY2021"). Based on the preliminary figures, the Group expects to record a higher net loss after tax for HY2021 as compared to the net loss after tax for HY2020 despite higher revenue, higher other income and lower operating expenses for HY2021. The higher net loss after tax for HY2021 was mainly due to decline in gross profit margin which is attributable to increase in cost of sales due to minimum order requirements for material purchases, tooling and tooling material purchases, higher direct labour costs and sub-contract services for the metal stamping operations.