SLB Development Ltd. provided preliminary unaudited group earnings guidance for the six months and full year ended 31 May 2023. For the six months, the group expects to report a loss as compared to a profit for the 6-months financial period ended 31 May 2022.

For the full year, the group expects lower profits as compared to fiscal year 2022. This is mainly due to higher finance costs and lower revenue recognized from the Group's property development projects of which Revenues were largely recognized prior to the fiscal year 2023 as the projects progressed.