The Board of Directors of Chaswood Resources Holdings Ltd. together with its subsidiaries announced profit guidance regarding the financial results of the Group for the half year results ended 30 June 2019. The Group is expected to report a loss after tax for half year results ended 30 June 2019 which is to be lower than the loss after tax in the first half year ended 30 June 2018. Based on a preliminary review of the unaudited financial results of the Group for half year results ended 30 June 2019, the net loss after tax arose mainly due to lower revenue amidst the challenging market conditions of the industry. However, the net loss in half year results ended 30 June 2019 is lower as compared to half year results ended 30 June 2018 due to lower administrative expenses arising from closure of non-profitable outlets and cost cutting measures.