Space Group Holdings Limited Provides Group Earnings Guidance for the Year Ended 31 December 2023
attributable to owners of the Company of approximately MOP 21.5 million for the year ended 31 December 2022 (the "Prior Year"). Such turnaround from profit to loss was primarily due to the decrease in revenue. The Group's revenue for the Current Year decreased by approximately 40% to 45%, or approximately MOP 262.4 million to MOP 286.3 million, as compared to the Prior Year, and the overall gross profit for the Current Year decreased by approximately 48% to 52%, or approximately MOP 56.8 million to MOP 61.5 million, as compared to the Prior Year, mainly due to the decrease in fitting-out works.