Yongnam Holdings Limited provided earnings guidance for the fourth quarter and full year ended 31 December 2016. The company expected to report a net loss for the three months ended 31 December 2016 and full financial year ended 31 December 2016. The loss is mainly attributable to cost-overrun for the Senoko Food Hub project and provisions made in anticipation of lower negotiated awards in variation orders for certain projects. Notwithstanding the loss in fiscal year 2016, the company has a strong order book of $302 million as at 30 September 2016, and is in active pursuit of $1.5 billion worth of new infrastructure and commercial projects in Singapore, Hong Kong, Malaysia and the Middle East.