Telechoice International Limited provided earnings guidance for the full year ended December 31, 2020. For the year, the company expected the Group now expects to incur a loss for fiscal year 2020 as its operating profit has substantially reduced due to the lower revenue registered in fiscal year 2020, which is further negatively impacted by the full impairment of the goodwill acquired in fiscal year 2010 for the investment in S & I Systems Pte Ltd. The impairment is non-cash in nature and is primarily due to the recoverable amounts being below its carrying value. Despite the weak second half 2020/fiscal year 2020 financial performance of the Group, the Board remains confident of the Group's ability to overcome the challenges ahead. The Group's balance sheet is expected to remain strong in a net current asset and a net cash position. The Group is expected to continue to maintain positive operating cash flow in fiscal year 2020 and have sufficient cash and unused credit lines from bank facilities to meet its short-term funding needs.