Fujikon Industrial Holdings Limited announced that based on the unaudited consolidated results of the Company for the 10 months ended 31 January 2020 and the Board's assessment on the current market condition for the following two months, the Group may record a decrease in net profit for the year ending 31 March 2020 (the "2020 Financial Year") by 35% to 50%, as compared to that for the year ended 31 March 2019. Despite the decrease in labour costs, it is expected that there will be a decline in the financial performance of the Group mainly due to the decrease in revenue derived from the headsets and headphones segment; the increase in provision for obsolete stock; decrease in net exchange gains; and increase in provision for impairment of trade receivables.