Baguio Green Group Limited announced that, based on the information currently available to the management of the Group and the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2022, it is expected that a net profit of approximately HKD 16.0 million attributable to the owners of the Company for the period will be recorded as compared to net profit of approximately HKD 12.2 million for the six months ended 30 June 2021. Based on the information available to the Company immediately preceding the publication of this announcement, the Board considers that the change was mainly attributed to: (1) other income with the amount of approximately HKD 7.7 million relating to the Employment Support Scheme; and (2) the increase in gross profit of approximately HKD 8.6 million coupled with an increase of revenue by approximately 21% primarily driven by the strong performance of the cleaning segment of the Group's businesses, which were partially offset by initial operation costs for new projects and high energy price.