S&T Holdings Limited provided consolidated earnings guidance for the year ended 30 September 2022. For the year, based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 30 September 2022 by the Board and the information currently available, the Group expects to record a net loss of not more than approximately SGD 2.5 million for the year ended 30 September 2022, as compared to a net loss of approximately SGD 11.2 million for the year ended 30 September 2021. Based on the information currently available, the Board considers that the significant decrease in net loss for the year ended 30 September 2022 as compared to the corresponding year ended 30 September 2021 was mainly attributable to (i) an increase in revenue from the provision of construction services and gross profit of the Group as the disruption caused by the outbreak of COVID-19 in Singapore began to alleviate during the year ended 30 September 2022; and (ii) an increase in net gain on disposal of property, plant and equipment, partially offset by a decrease in COVID-19 related government grants due to the gradual recovery of the construction industry.