Kinergy Corporation Ltd. provided group earnings guidance for the year ended 31 December 2022. For the year, the company expected that the Group will record a net profit after tax of approximately SGD 8.2 million as compared to a net profit after tax of approximately SGD 12.6 million for the year ended 31 December 2021. The decrease in the Group's expected net profit after tax of approximately SGD 4.4 million or 34.8% for the year ended 31 December 2022 is primarily attributable to the decrease in revenue from Electronics Manufacturing Services division due to the global decline in demand for semiconductor chips in the industry.