WLS Holdings Limited provided earnings guidance for the year ended 30 April 2020. The group expects to continue to record a significant loss for the year ended 30 April 2020 and such loss is expected to be more than the audited loss for the year ended 30 April 2019 due to the economic cessation which was strongly affected by the outbreak of the " new Coronavirus (COVID-19) pneumonia" epidemic since the beginning of calender year 2020. The significant loss incurred for the year ended 30 April 2020 was mainly due to (i) the recognition of expected credit losses on the balances under the contract assets, trade and loan receivables of approximately HKD 58 million; (ii) the impairment of intangible asset of approximately HKD 35 million; and (iii) the decrease of contract revenue in respect of construction and buildings work for the provision of scaffolding and fitting out services.