Khoon Group Limited provided earnings guidance for the year ended June 30, 2023. The Group expects to record a net loss after tax in the range between approximately SGD 1.4 million and approximately SGD 2.2 million for the year ended 30 June 2023, as compared with the net loss after tax of approximately SGD 0.6 million for the year ended 30 June 2022. Based on the information currently available, such expected increase in the loss was mainly
attributable to decrease in the gross profit margin due to the increase in material costs, wages and sub-contracting costs and increase in the provision for impairment of contract assets.