Omnibridge Holdings Limited announced that, the Group is expected to record a turnaround to profit attributable to owners of the Company of approximately SGD 0.6 million for the nine months ended 30 September 2020 as compared to a loss attributable to owners of the Company of approximately SGD 0.5 million for the nine months ended 30 September 2019. The expected turnaround was mainly attributable to (i) the increase in revenue from human resources outsourcing services due to the implementation of competitive pricing strategy in response to the market condition and the increase in job orders received from different Singapore government agencies and clients from private sectors, (ii) the increase in government subsidies received, (iii) the decrease in administrative expenses and (iv) the increase in other income from government grant and foreign exchange gains, net.