The Board of Directors of Nera Telecommunications Ltd. announced that the Group is expected to report a net loss for the full year ended 31 December 2022 after a preliminary assessment of its unaudited financial results for Fiscal Year 2022. While the Group continued to record higher revenue and order intake in Fourth Quarter 2022 after the announcement of its business update on 28 November 2022, it is expected to report a net loss for Fiscal Year 2022 principally arising from unrealised forex losses due to the weakening of Indonesia Rupiah, Pakistan Rupee and Philippine Peso currencies against the Group's reporting currency, Singapore Dollar. In addition, the Group made further tax provisions for a foreign subsidiary in Fiscal Year 2022.