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.
For 1HFY2022 ended June 30 2022, the company had already reported a loss of just over $1 million, on revenue of $18 million.
In the year earlier 1HFY2021, it reported earnings of $212,000, on revenue of $13.5 million.
Koyo shares last traded at 5.5 cents.
