Lum Chang Holdings Limited provided earnings guidance for the the full year ended June 30, 2022. For the period, the company expected to report a net loss. The expected net loss is attributable mainly to rising costs that impacted the Group's construction projects.

Besides global inflationary pressures, supply-chain issues were exacerbated by geo-political tensions including the Russia-Ukraine war. Manpower challenges from the lingering impact of the Covid-19 pandemic also impacted Group results. The Group is in the process of finalising its unaudited financial results for FY2022.

Further details on the Group's financial performance will be disclosed when the Company announces its full year financial results on or before 26 August 2022.