JLogo Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2022. Based on the Board's preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2022 (the "2022 Interim Period") and the information currently available, the Group is expected to record an increase in revenue for the 2022 Interim Period of approximately 22% or approximately SGD 1.54 million as compared to the corresponding period in 2021, which led to a decrease in loss for the period of approximately 56% or approximately SGD 0.87 million, from approximately SGD 1.56 million for the corresponding period in 2021 to approximately SGD 0.69 million for the 2022 Interim Period. The Board considered that the increase in revenue and decrease in loss was mainly attributable to that all fully vaccinated travellers can enjoy quarantine-free travel to Singapore from 1 April 2022.

The Singapore Government also lifted most of the COVID-19 measures from 26 April 2022 onwards. In particular, the removal of social group size limit and safe distancing requirements effectively increase the total capacity of restaurants and increase the footfall in the malls, and hence provide substantial uplift to business.