InnoTek Limited provided group earnings guidance for the six months ended June 30, 2022. For the period, the company expects to report a net loss. The loss is mainly attributable to: Increased operating costs as labour and manufacturing costs have risen, while disruptions to the global supply chain have resulted in higher cost of raw materials; and Prolonged movement restrictions imposed within China as part of its "Dynamic Zero" COVID-19 policy.

These restrictions severely impacted major customers' businesses in China, which in turn hampered the Group's revenue growth in first half of fiscal year 2022.