ES Group (Holdings) Limited provided earnings guidance for the year ended December 31, 2021. Based on a preliminary review of the Group's unaudited consolidated financial results for the financial year ended 31 December 2021 the Group is expected to report a net loss for 2021. The net loss for 2021 is mainly attributable to: a decline in revenue brought about by (i) the constraint of manpower curb in the Group's shipyard activities as a result of restrictions on bringing in foreign workers to Singapore due to border control and safe management measures at the workplace imposed by the Singapore government in response to the COVID-19 pandemic; and (ii) lower chartering revenue generated from the Group's shipping segment due to unexpected downtime and disruptions caused by the COVID-19 pandemic; and the Group's vessel, ES Jewel, which was acquired in March 2021, suffered unplanned repair and scheduled docking that involved underwater survey in September 2021, resulting in significant repair, maintenance and docking expenses, a portion of which relating to repair and maintenance was charged to the income statement.