AM Group Holdings Limited provided consolidated earnings guidance for the year ended 30 June 2023. For the period, the company expects net loss attributable to owners of the Company within a range of approximately SGD 1.4 million to SGD 1.8 million as compared to the net profit of the Company of approximately SGD 1.1 million for the year ended 30 June 2022. The net loss was mainly due to the increase in impairment losses under expected credit loss model.
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