Solis Holdings Limited provided earnings guidance for the six months ended June 30, 2019. For the period, the group is expected to record a net loss after tax of not more than SGD 1.0 million for the six months ended 30 June 2019 as compared to a net profit after tax of SGD 1.2 million for the six months ended 30 June 2018. Such decrease were mainly due to lull in securing new tenders since the start of 2018 due to keen market competition; and increase in subcontracting costs for an approximate amount of SGD 1.1 million for the Interim Period as compared to the six months ended 30 June 2018.