Directel Holdings Limited provided earnings guidance for the six months ended 30 June 2020. For the six months, the company anticipated that the Group would record a net loss of approximately HKD 17.0 million for the six months ended 30 June 2020 as compared to a net loss of approximately HKD 12.9 million for the corresponding period in 2019. The anticipated increase in loss was primarily attributable to (i) a significant increase in impairment loss of trade receivables for the Period; (ii) an increase in fair value change of contingent consideration payables for the acquisition of the Joint Top Investments Limited; and (iii) the Group anticipates a foreign exchange loss for the Period as compared to a foreign exchange gain for the corresponding period in 2019.