For 1HFY2022 ended June 30 2022, the company had already reported a loss of just over $1 million, on revenue of $18 million.
Koyo International, citing higher labour costs for on-going projects that got to be worked on throughout the pandemic, warns that it will report a net loss for its FY2022.
Inflationary pressures added to the woes, the company says, adding that it will report on or before March 1.
