Global Invacom Group Limited provided earnings guidance for the six months ended 30 June 2023. For the period, the Group expects to record a net loss of approximately USD 2.1 million compared to a net loss of USD 3.3 million for the same period last year. Group revenue is expected to be approximately USD 31.3 million compared to revenue of USD 37.4 million for the same period last year.

Despite the decrease in revenue, gross profit has increased to USD 8.3 million against USD 7.4 million a year ago, with gross profit margin also increasing to 26.5% (1H FY2022: 19.7%), due to increased business focus on product mix.