Heng Hup Holdings Limited announced earnings guidance for the six months ended 30 June 2022. The company expected to record a substantial decrease in net profit of approximately 45% to 55% for the Relevant Period as compared to the corresponding period in 2021. The substantial decrease in net profit of the Group for the Relevant Period was mainly attributable to adverse global inflation impact which resulted in the increase in cost of sales, distribution and selling expenses, as well as finance cost.