GT Steel Construction Group Limited provides consolidated earnings guidance for the nine months ended 30 September 2020. The Group is expected to record an adjusted net loss of approximately SGD 2,072,000 (exclusive of expenses in relation to the proposed transfer (the Proposed Transfer) of the shares of the Company from GEM to the Main Board of the Stock Exchange of approximately SGD 99,000) as compared to an adjusted net profit of approximately SGD 5,595,000 (exclusive of expenses in relation to the Proposed Transfer of approximately SGD 710,000) for the nine months ended 30 September 2019. The Board considered that the aforesaid adjusted net loss was mainly attributable to (i) the outbreak of COVID-19 (the Outbreak), a highly contagious form of novel coronavirus disease; (ii) the circuit breaker measures implemented by the Government of Singapore in response to the Outbreak; and (iii) the quarantine requirements for the foreign workers of the Group due to the Outbreak, which resulted in the delay or suspension of the projects and significantly affected the Group's business and financial results.