HS Optimus Holdings Limited provided earning guidance for half year ended 30 September 2023. For the period, the net loss is expected to be lower as compared with the previous corresponding half year ended 30 September 2022 ("HY2023"). Based on the preliminary review of the Group's unaudited financial results for HY2024, the expected losses are mainly due to continued uncertain macroeconomic factors have resulted in cautious and conservative ordering from traditionally core customers in respect of the door business.

However, the loss in HY2024 is expected to be lower than that of HY2023 due to (i) lessened weakness of the Australian Dollar relative to the Singapore Dollar, which was negated by the continued strengthening of the USD Dollar against Malaysian Ringgit and Singapore Dollar, resulting in an unrealized foreign exchange gain in HY2024 as compared to a large unrealized foreign exchange loss in HY2023 and (ii) a reversal of provision of impairment on the Simatupang Land in Jakarta, Indonesia in HY2024 as compared to an impairment loss in HY2023. This profit guidance is not based on any financial figures or information which has been audited or reviewed by the Company's auditors.