Rimbaco Group Global Limited provided preliminary unaudited consolidated group earnings guidance for the six months ended 30 April 2023. For the period, the group expects to record an increase in the profit attributable to the owners of the Company of not less than 40% for the Relevant Period as compared to the profit attributable to the owners of the Company of approximately MYR 5.6 million for the corresponding period in 2022. The increase in profit for the Relevant Period was mainly attributable to relatively lower cost of sales of a few new fast track projects, fixed deposit interest generated from additional fixed deposit placement and increase in fixed deposit interest rate; and administrative fee charged to a sub-contractor for material purchased on behalf for the Relevant Period as compared to the corresponding period in 2022.