Basetrophy Group Holdings Limited provided earnings guidance for the year ended 31 December 2022. For the year, the company expected to record a net loss (subject to audit) of not more than approximately HKD 7 million as compared with a net profit of approximately HKD 0.6 million recorded for the year ended 31 December 2021. The expected losses were primarily attributable to (i) delay in progress of certain projects as a result of the outbreak of the COVID-19 epidemic; (ii) the provision for impairment of trade receivables and contract assets; and (iii) the decrease in other income as a result of absence of subsidies of the Employment Support Scheme under the Anti-epidemic Fund, set up by the Hong Kong Government.