GLG Corp. Ltd. provided earnings guidance for the half year ended 31 December 2023. For the period, the company expects a net loss between USD 1.6 million to USD 1.9 million after tax for the period.

The net loss is mainly attributable to the decrease in sales caused by the high inventory levels of the Company's customers who were affected by unforeseen logistics delays, reduced margins due to high interest rates, price competition and write-off of stock and consumables assets. These factors have collectively led to exerted pressure on the profit margin for the period.