KPM Holding Limited provided consolidated earnings guidance for the year ended 31 December 2019. The group is expected to record a net loss of not less than approximately SGD 1.5 million for the year ended 31 December 2019, as compared with a net profit of approximately SGD 884,000 recorded for the year ended 31 December 2018. Such loss was primarily attributable to the decrease in the revenue and gross profit of the Group's business due to decline of the demand in construction sector activities, force competition in bidding prices and higher material costs.