Southern Packaging Group Limited provided unaudited earnings guidance for the six-month period ended 30 June 2023. For the period, based on the preliminary figures, the Group expects to report a net loss. During the period, the Group managed to regain some market share amidst keen competition and weak demand.

However, the sales recovery was not strong enough to turn the Group into a net profit position. The increasing energy costs also contributed towards increasing manufacturing costs. The Company is still in the midst of finalising its financial results for period.

Further details of the Group's financial performance will be disclosed when the Company announces its unaudited financial results for the period on or before 14 August 2023.