Styland Holdings Limited provided preliminary unaudited consolidated group earnings guidance for the year ended 31 March 2024. For the year, the group expects to record a loss of approximately HKD 76.8 million as compared to the net loss of approximately HKD 68.7 million recorded in the corresponding period in 2023 (FY2023). The increase in net loss for FY2024 is mainly attributable to an increase in fair value loss in respect of investment properties of approximately HKD 7.5 million as compared to approximately HKD 14 million recorded in FY2023; an increase in finance costs of approximately HKD 4.7 million as compared to approximately HKD 13.2 million recorded in FY2023; an increase in expected credit losses (ECL) recognised in respect of loans receivable, accounts receivable and other receivables of approximately HKD 2.8 million as compared to approximately HKD 3.4 million recorded in FY2023; an increase in fair value loss in respect of financial assets at fair value through profit or loss of approximately HKD 2.2 million as compared to approximately HKD 0.6 million as recorded in FY2023; and setoff by an increase in reversal of ECL recognised in respect of loans receivable, accounts receivable and other receivables of approximately HKD 4.5 million as compared to approximately HKD 0.2 million as recorded in FY2023 and a decrease in administrative expenses of approximately HKD 4.6 million as compared to approximately HKD 56.6 million recorded in FY2023.