Jinhai International Group Holdings Limited provided unaudited consolidated financial guidance for the year ended 31 December 2019. The Group expected to record an estimated loss of around SGD 0.2 million to SGD 0.4 million for the year ended 31 December 2019, representing a significant reduction of loss as compared to a loss of approximately SGD 3.5 million for the year ended 31 December 2018. Such loss was principally attributable to (i) increases in construction demand and the charge-out rate of foreign workers as the Singapore construction industry recovered in 2019 resulting in an increase in revenue from manpower outsourcing and ancillary services; and (ii) a decrease in impairment loss recognised on trade receivables.