According to the Zhitong Finance App, Indigo Star (08373) announced that the Group expects to obtain revenue of no less than 44.3 million P$4 million for the year ended December 31, 2023, an increase of no less than P$11.7 million or about 35.6% over P$32.6 million in the same period in 2022; and a net profit of not less than P$700,000, compared to about P$200,000 for the year ended December 31, 2022.

Based on currently available data, the Board believes that the expected increase in earnings is due to the completion of contracts on hand carried over from the previous year and an increase in labor supply related to the contract; and the increase in net profit in 2023 is due to an increase in revenue.