Koon Holdings Ltd. provided earnings guidance for the first half of 2013. Based on a preliminary review of the unaudited financial results of the Group, the Board would like to advise shareholders that the Group expects to report a pre-tax loss in the range of SGD 8.5 million to SGD 9.5 million in first half of 2013 as compared to a pre-tax profit of SGD 0.9 million in first half of 2012 mainly due to the following reasons: lower gross profit from the Construction division owing to delays and in one case, a very significant delay due to a fatality on the project. On these projects the company have had to incur acceleration and rectification costs.

Losses from the Precast division due to the inability of new pre-cast plant to reach anticipated utilization rates and due to disruptions in the business and additional costs due to relocation of part of the casting plant.