Hiap Tong Corporation Ltd. provided earnings guidance for the year ended March 31, 2023. Based on a preliminary assessment of the Group's unaudited financial results for the full year ended 31 March 2023 ("FY2023"), the Group expects to record a significantly higher net profit after tax for FY2023 as compared to the preceding financial year ended 31 March 2022 ("FY2022"). The higher net profit after tax for FY2023 was mainly attributable to new construction projects under the lifting and haulage segment as well as the full resumption of business operations from the COVID-19 situation in Singapore and Malaysia during the year.