Linocraft Holdings Limited provided earnings guidance for the six months ended 28 February 2023. Based on the information currently available to the Board, the Group is expected to record a net loss of approximately MYR 15 million for the six months ended 28 February 2023 (the “Interim 2023''), as compared to a profit of approximately MYR 6.5 million for the corresponding period in 2022. The loss for Interim 2023 was mainly attributable to (i) decrease in revenue; (ii) increase in cost of sales due to various factors, amongst them were provision of MYR 2 million for end-of-life products, reimbursement of recruitment cost, flight costs and boarding expenses related to new foreign workers; and (iii) recent trend of rising interest rates has resulted in higher finance cost.