SH Group (Holdings) Limited announced on the unaudited consolidated management accounts of the Group and the information currently available to the Board, the Group is expected to record a decrease in its net profit for the year ended 31 March 2019 in the range of 30% to 40%, when compared to the net profit of approximately HKD 35.6 million for the year ended 31 March 2018. The Board considers that the expected decrease in net profit for the year ended 31 March 2019 was primarily attributable to the decrease in gross profit and gross profit margin mainly due to (i) intensified competition in the industry faced by the Group that the Group adopted a more competitive pricing strategy in securing new projects; and (ii) increase in direct staff costs as a result of more employees were hired to handle the awarded projects currently on hand.