Raffles Interior Limited provided consolidated earnings guidance for the year ended December 31, 2021. For the year ended December 31, 2021, the group anticipates to record a net loss after tax of not more than SGD 1.5 million for the year ended 31 December 2021 as compared to a loss of approximately SGD 15.9 million for the year ended 31 December 2020. The expected decrease in net loss was mainly attributable to, among others, no provision for legal and professional expenses for the resumption exercise for fiscal year 2021 (fiscal year 2020: SGD 1.2 million); (ii) no losses arising from transactions for fiscal year 2021 (fiscal year 2020: SGD 4.4 million); and (iii) the Group expects to record positive gross profit margin in 2021 as compared to a gross loss margin in 2020, since there is no unutilised overheads for fiscal year 2021 arising from work stoppage due to circuit breaker measures.