Eminence Enterprise Limited provided unaudited consolidated earnings guidance for the six months ended September 30, 2023. For the six months, the Group is expecting to report a net loss of not less than HKD 150,000,000 for the Period as compared with a net profit of approximately HKD 63,400,000 for the six months ended 30 September 2022. The expected net loss was mainly attributable to, among other things, (i) decrease in revenue; (ii) increase in loss on changes in fair value of investment properties; (iii) increase in write-down on properties held for development for sale; and (iv) increase in finance costs.

Such loss was partially offset by (v) increase in net gain on changes in fair value of financial assets at fair value through profit or loss.