JBB Builders International Limited provided profit guidance for the year ending 30 June 2022. The Group is expected to record a profit attributable to owners of the Company of not more than RMB 15 million for the year ending 30 June 2022, as compared with a loss attributable to owners of the Company of approximately RMB 9.4 million recorded by the Group for the year ended 30 June 2021. Based on the information currently available to the Company, the Board believes that the expected profit of the Company for the year ending 30 June 2022 is mainly attributable to the combined effect of the following factors: a substantial increase in revenue, which was primarily due to (i) the substantial increase in volume of work for reclamation and related works generated from new contracts awarded during the year ending 30 June 2022; (ii) the substantial increase in volume of sand transported generated from a Singapore marine transportation contract secured in June 2020; and (iii) the commencement of trading business of marine gas oil since October 2021, while partially offsetting by the decrease in volume of work for building and infrastructure services following the completion of certain contracts which contributed to a substantial portion for the year ended 30 June 2021; a substantial increase in gross profit, which was primarily caused by increase in revenue as abovementioned, while partially offsetting by (i) continuous fixed direct cost incurred; and (ii) the increase in subcontracting costs; and the reduction in recognition of loss allowance for expected credit losses on trade receivables and contract assets upon entering of master supplemental agreement with one of the major long outstanding customers.