Sam Woo Construction Group Limited announced that the board of directors of the Company informed the shareholders of the Company and potential investors that, based on the information currently available to the Board, the Group expects to record a net loss for the year ended 31 March 2019 as compared to the net profit for the last year. The expected net loss was incurred mainly because (a) contract revenue and profit margin derived from the major construction projects decreased while overhead costs had not decreased proportionately; and (b) provision for retention receivables increased.