According to Zhitong Financial App, Guan Yao Holdings (08513) announced its 2023 interim results, with revenue of SGD 5.338 million, a year-on-year decrease of 31.4%; losses attributable to company equity holders were SGD 2,579 million, an increase of 181.86% over the previous year.
The announcement stated that the decline in revenue was mainly due to a decrease in sales orders for injection-molded plastic parts for disposable medical devices.