Tashin Holdings Berhad provided earnings guidance for the financial year 2022. The general outlook for the Malaysian economy and business environment for steel industry will remain cautious in view of spike of covid-19 cases and negative impact from supply chain disruption. Weaker steel price and stiff competition in local market will continue to squeeze profit margin in next financial year.

The Group's expansion plan through the acquisition of industrial land and factory building expected to complete in second quarter financial year 2022, will improve operations efficiency and contribute to the increase in sales growth.