Smartflex Holdings Ltd. provided earnings guidance for the first half ended June 30, 2013 and revenue guidance for the second half 2013. The Group expects revenue for first half 2013 to be lower than first half 2012 as customers' demand for the Group's products fell. Consequently, the Group expects to report a net loss before tax for first half 2013 as compared to first half 2012.

The Group expects revenue to improve in second half 2013 mainly from expected increase in customers' demand and expected increase in the sales of higher value added product e.g. Banking and Dual Interface devices which also yield better gross margin.