LY Corporation Limited provided earnings guidance for the second-half and financial year ended 31 December 2024. For the period, the company expects expected to report a loss for 2H2024 and FY2024. The loss for 2H2024 and FY2024 were mainly attributable to lower average selling price and higher cost of sales and operating expenses (for 2H2024 and FY2024) as further elaborated below: (a) decrease in the number of containers loaded with products ("40-ft containers") as a result of lower demand from the Group's customers from the United States of America; (b) decrease in the average selling price per 40-ft container as a result of the weakening of Malaysian Ringgit against the United States dollars; and (c) higher expenses such as labour costs, subcontractors' cost, freight and handling charges and professional fees.