ISP Global Limited provided unaudited consolidated earnings guidance for the six months ended 31 December 2022. For the period, the Group is expected to record a consolidated net loss attributable to owners of the Company for the Period of approximately SGD 2.1 million to SGD 2.3 million, as compared to a consolidated net loss attributable to owners of the Company of approximately SGD 0.8 million for the corresponding period in 2021. Based on the information currently available to the Board, such increase in net loss was mainly attributable to, among other things, the increase administrative costs and payroll expenses incurred as part of business expansion and operations in the Group's networking, sound and communication systems segment and e-commerce operations segment ("EC segment") in the People's Republic of China (the "PRC") for the Period.

The impact of the increase in revenue recorded by the Company during the Period was offset by the impact of the increase in expenses as incurred by the business expansion of the EC segment in the PRC during the Period.