Chemical Industries (Far East) Limited provided unaudited consolidated earnings guidance for the six months ended September 30, 2023. For the period, the company expects to report a loss. The loss in the results for the period stems from: Weak global economic landscape resulting in weaker chemical demand, the contractual and/or formula-price based sales agreements which are tied to IHS pricing index are negatively impacted by decline in IHS prices.

This profit guidance is based on preliminary assessment by the Board on current information available, including unaudited management accounts.