Pacific Star Development Limited provided earnings guidance for the second quarter ended December 31, 2019. The Group is expected to report a net loss for the financial quarter from 1 October 2019 to 31 December 2019 Based on the preliminary review of the Group's draft financial results for second quarter of fiscal 2020, the net loss for the Group in second quarter of fiscal 2020 was largely attributable to the finance costs associated with the SGD 70 million facility obtained from a group of third parties in the second quarter of financial year 2019 (such facility had been announced on 24 December 2018).