Grandshores Technology Group Limited provided unaudited consolidated earnings guidance for the year ended 31 March 2023. For the year, the company expects to record a loss for the Year of approximately S$5.1million to S$7.2 million for the year ended 31 March 2023 as compared with a loss for the year of approximately S$1.2 million for the year ended 31 March 2022. The Board considers that the increase in loss was mainly attributable to (1) the decrease in gross profit due to tenders became more competitive in Singapore construction sector and (2) the increase in costs and expenses due to labour shortage in Singapore.