Rimbaco Group Global Limited provided consolidated earnings guidance the year ended October 31, 2023. For the period, it is expected that the group will record a profit attributable to the owners of the Company for the year ended 31 October 2023 of not less than MYR 20 million as compared to the profit attributable to the owners of the Company of approximately MYR 0.2 million for the year ended 31 October 2022. The increase in profit attributable to the owners of the Company for the year ended 31 October 2023 was mainly attributable to (i) relatively lower cost of sales of a new sizeable fast track project; (ii) fixed deposit interest generated from additional fixed deposit placement and increase in fixed deposit interest rate; (iii) handling charges charged to a sub-contractor for material purchased on behalf; and (iv) increase in profit on disposal of fixed assets for the year ended 31 October 2023 as compared to the year ended 31 October 2022.