Baker Technology Limited provided consolidated earnings guidance for the fiscal year 2020. Based on the preliminary figures, the board announced that the group expects to report a higher net loss after tax for fiscal year 2020 as compared to the net loss after tax for corresponding period ended 31 December 2019. The higher net loss after tax for fiscal year 2020 was mainly due to vessel impairment and provision of accounts receivables by the company's 54.98% owned subsidiary, that is CH Offshore Ltd. and its subsidiaries.