Pan Hong Holdings Group Limited provided earnings guidance for the six months ended September 30, 2022. For the period, the group is expected to report a lower revenue and a loss after tax compared to the six months ended 30 September 2021. The lower revenue is due to fewer transfer of control of property units of Pan Hong Run He in first half of fiscal year 2023 .

In comparison, the revenue in first half of fiscal year 2022 was mainly attributable to more transfer of control of property units of Pan Hong Run He. As the Group is primarily engaged in property development business, revenue recognition is dependent on the launch of new projects and transfer of control of sold properties. Consequently, revenue and profit for the Group looking across periods will appear irregular.