Artini Holdings Limited provided earning results for the six months ended 30 September 2020. The board of directors of the Company informed the shareholders of the Company and potential investors that, based on a preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 September 2020, the Group is expected to record a net loss whereas the unaudited consolidated net profit recorded in the corresponding period last year was HKD 8.7 million. The Board believes that such reversal from profit to loss is mainly attributable to the COVID-19 pandemic, which leads to weakened consumer sentiment across the world. Amidst an incredibly difficult trading environment, the Group offers extra discounts to boost sales volume. Although the Group took rapid and decisive actions to reduce costs during the Period, the savings in operating costs were not sufficient to offset the decline in sales and gross margin.