Noble Engineering Group Holdings Limited provided Group earnings guidance for the nine months ended December 31, 2019. For the period, the Group is expected to record a consolidated net loss within the range of approximately HKD 1.0 million to HKD 3.0 million for the nine months ended 31 December 2019 as compared to a consolidated net profit of approximately HKD 19.2 million of the corresponding period in 2018. Based on the information currently available, the net loss would be mainly attributable to the following factors: (i) the decrease in revenue due to (a) the delay in commencement of new projects being awarded to the Group and (b) substantial completion of the projects on hand during the year ended 31 March 2019; and (ii) the decrease in gross profit margin for the Group's business as a result of an increase in overall construction costs and competitive project pricing arising from intense market competition.