SmarTone provided earnings guidance for the year ending 30 June 2020. The company has announced it expects to see a "substantial decline" in profit of around 30% for the year ending 30 June 2020 (FY20), compared to HKD 632 million for the year ended 30 June 2019. This decline is primarily caused by a significant decline in roaming revenues in recent months and the rest of the financial year. International travel has practically stopped globally because of the virus COVID-19, and hence both inbound and outbound roamers have declined substantially. The timing and degree of recovery in roaming revenues remains uncertain. The final results of the Group for fiscal year 2020 are expected to be announced in early September 2020.