CTR Holdings Limited announced unaudited consolidated earnings guidance for the six months ended 28 February 2021. For the period, the company preliminarily estimates that the Group is expected to record a net loss of approximately SGD 2.2 million for the year ended 28 February 2021 as compared to the net profit of approximately SGD 7.4 million for the year ended 29 February 2020. The Board considers that the net loss for the year ended 28 February 2021 is mainly due to significant decrease in the gross profit as a result of the material adverse impact from the outbreak of the coronavirus global pandemic that took place in early 2020, in which the circuit breaker measures being imposed by the Singapore Government from 7 April 2020 to 1 June 2020 to combat the local transmission of novel coronavirus in Singapore.