Indigo Star Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the period, the group is expected to record (i) revenue of not less than approximately SGD 44.3 million, as compared to approximately SGD 32.6 million for the year ended 31 December 2022, representing an increase of not less than approximately SGD 11.7 million, or approximately 35.6%; and (ii) net profit of not less than approximately SGD 0.7 million, as compared to the net profit of approximately SGD 0.2 million for the year ended 31 December 2022. Based on the information currently available, the Board considers that (i) the expected increase in revenue was attributable to completion of contracts in hand brought forward from prior year and increase of labour supply related to contracts; and (ii) the increase in net profit in Year 2023 was attributable to increase in revenue.