Chasen Holdings Limited provided earnings guidance for the six months ended March 30, 2020. The Group expects to record a gross profit from its operations, it expects to report a net loss in second half of 2020 after deducting operating expenses and making provisions for certain receivables arising from customers' reluctance to compensate for project delays as well as for payments adversely delayed by the business disruptions caused by the pandemic. The Board has taken a conservative approach and has therefore made the corresponding receivable provisions. Accordingly, while the Group expects to record a gross profit, it nonetheless expects to report a net loss for the whole of 2020.