QAF Limited provided earnings guidance for the first half year ended 30 June 2022. For the period, The Company expects, subject to, amongst others, the approval of its Audit & Risk Committee and Board of Directors, to report a significant improvement in the Group's profit before tax and profit after tax and after exceptional items for 1H2022 compared to 1H2021. The significant improvement is attributable to an exceptional item relating to the receipt of approximately SGD 9.6 million (equivalent to MYR 30 million), being the first interim insurance payment under the Group's insurance policy covering damage to its property, plant and equipment in connection with the severe flooding at one of the Group's Malaysian factories.