ChasWood Resources Holdings Ltd. provided earnings guidance for the half year ended June 30, 2018. For the period, the company expects to report a loss after tax. The loss after tax in is expected to be lower than loss after tax in the same period a year ago. Based on a preliminary review of the unaudited financial results of the Group for the half year ended June 30, 2018, the net loss after tax arose mainly attributable to lower revenue amidst challenging market conditions of the industry and closure of non-profitable outlets in Malaysia. Nevertheless, the operating costs and expenses were lower in the half year ended June 30, 2018 as compared to for the half year ended June 30, 2017 with various cost-cutting measures being under-taken during the period.