SG Group Holdings Limited provided unaudited consolidated earnings guidance for the six months ended 31 October 2020. The company provided that the Group is expected to record a profit not exceeding HKD 1.0 million for the six months ended 31 October 2020, as compared to a profit of approximately HKD 12.0 million for the six months ended 31 October 2019. The decrease in the profit made for the six months ended 31 October 2020 was mainly attributable to: the reduction in the orders from customers for the supply of apparel products resulting from the unfavourable economic environment and the extreme market and operating conditions caused by the outbreak of novel coronavirus COVID-19 pandemic pandemic during 2020; the postpone of delivery arrangement and cancellation of orders from customers for the supply of apparel products resulting from the social distancing policies, restrictions of gatherings, travel restrictions, lockdowns and various other measures implemented or imposed by authorities in the United Kingdom, the United States of America and other European countries; the decrease in revenue derived from the supply of apparel products resulting from the sales discount granted to the customers upon The Company's major customers' requests; and the increase in cost of sales derived from the supply of apparel products resulting from the extra costs incurred on the re-schedule of delivery arrangement due to shortening of production lead time upon The Company's major customers' requests.