JBB Builders International Limited provided earnings guidance for the six months ended 31 December 2019. For the period, the company expects group's profit attributable to owners of the Company for the six months ended 31 December 2019 will decrease as compared to that for the corresponding period in 2018. Based on the information currently available to the Company, the Board believe that the expected decrease in the profit attributable to owners of the Company for the six months ended 31 December 2019 is mainly attributable to the combined effect of the following factors: a decrease in revenue due to: slowdown on the progress of the on-going projects as a result of change of work schedules initiated by the customers and as affected by adverse weather conditions; and delay in the commencement of certain new contracts secured during the year ended 30 June 2019 given that certain customers required longer time to obtain government's approval on the commencement of marine construction work, and change of design layout by the customers; the recognition of impairment loss on trade receivables and contract assets as compared against the gain arising from the reversal for impairment loss on trade receivables and contract assets for the corresponding period in 2018; an increase in general and administrative expenses primarily due to increase in professional and compliance cost incurred after listing; no listing expenses incurred after the listing on 10 May 2019 which partially alleviate the impact of items (a) to (c) above.