Allied Group Limited provided preliminary consolidated group earnings guidance for the ten months ended October 31, 2022. For the period, the group expects loss attributable to owners of the Company is approximately HKD 1.3 billion as compared to the profit attributable to owners of the Company for the ten months ended October 31, 2021 of approximately HKD 6.9 billion. The reasons of the decline in the financial performance were mainly attributable to: the one-off positive financial effect on the Company for the ten months ended October 31, 2021 after Tian An China Investments Company Limited became an indirect non wholly-owned subsidiary of the Company in 2021, being a non-cash and non-recurring net gain of approximately HKD 4.2 billion recognised for the ten months ended October 31, 2021, and the absence of such figure in the corresponding period in 2022; and the loss of SHK for the ten months ended October 31, 2022 as a result of the mark- to-market loss in financial instruments in SHK's investment management business.