The company also states that high inflation, rate hikes and geopolitical tensions could further obstruct global economic recovery and affect consumer spending sentiment, while the zero-Covid approach in China during the reporting period for 1HFY2023 have continued to weigh on business recovery.
In view of these macro factors, the company has guided that market demand may soften, direct cost would rise and margins could fall.
Koda says it would disclose further details in relation to its performance in the announcement of its unaudited consolidated financial results for 1HFY2023.
Shares in Koda traded flat on Feb 6 at 34 cents.
