Chiho Environmental Group Limited provided consolidated earnings guidance for the year ended 31 December 2020. The company expected Gross profit for the year ended 31 December 2020 in the range of HKD 910 million to HKD 960 million, representing at least 3.6% growth compared to 2019. The gross profit margin is expected to improve from 5.7% in 2019 to at least 6.8% in 2020. Earnings before interest, taxes, depreciation and amortisation (EBITDA) excluding one-off impairment losses for 2020 is expected to be in the range of HKD 360 million to HKD 410 million. Including the one-off non-cash impairments and provisions, it is expected that the Group will record a net loss in the range of HKD 840 million to HKD 890 million for the year ended 31 December 2020 as compared to a net loss of HKD 133.8 million for the year ended 31 December 2019.