CFM Holdings Limited provided earnings guidance for the full year ended 30 June 2019. For the period, based on the preliminary figures, notwithstanding the lower revenue recorded in fiscal year 2019, the group expects to show an improvement and record higher profit after tax for fiscal year 2019 as compared to financial year ended 30 June 2018. Based on preliminary analysis, the improvement in financial performance was mainly due to the impact from the partial disposal of a loss-making indirect subsidiary, PT Hantong Precision Manufacturing Batam in June 2018, the partial disposal of a loss-making indirect subsidiary, PT Hantong Precision Manufacturing Batam in June 2018, which led to an absence of bad debt written off, lower depreciation expense, absence of impairment loss on property, plant and equipment, absence of provision of litigation fees during the current financial year and decrease in staff costs.