Khoon Group Limited provided preliminary unaudited consolidated earnings guidance for the six months ended 31 December 2023. For the period, the group expected to record a net loss attributable to owners of the Company for the six months ended 31 December 2023 of approximately SGD 0.4 million as compared to a net profit attributable to owners of the company of approximately SGD 0.5 million for the corresponding period in 2022. Based on the information currently available, the expected net loss attributable to owners of the Company was mainly attributable to a one-time write-off of the Group's contract assets and the increase in staff costs.