Raffles Interior Limited provided earnings guidance for the six months ended 30 June 2021. For the period, the Group anticipates to record a net loss after tax of not more than SGD 3.5 million for the six months ended 30 June 2021 as compared to a net profit of approximately SGD 1.0 million for the six months ended 30 June 2020. Based on the information currently available, such expected loss of the Group's was primarily due to (i) the reduction in government grants to the construction field in Singapore; and (ii) the increase in cost of sales when additional costs have been incurred to engage more supplied labour and subcontractors to complete the construction projects within the new stipulated timeline, which eventually resulted in a significant drop in the gross profit margin for the 2021 Interim Period.