PINE Technology Holdings Limited provided consolidated earnings guidance for the year ended 30 June 2022. For the period, the group is expected to record a consolidated net loss of not less than USD 7 million for Fiscal Year 2022 as compared to a consolidated net loss of approximately USD 2.09 million for the year ended 30 June 2021 ("FY 2021"). The estimated increase in net loss for Fiscal Year 2022 is primarily due to (i) the decrease in the turnover and gross profit of the Group; and (ii) the recognition of impairment loss on goodwill.