Hanvey Group Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2023. For the period, the company expects to record a loss attributable to the owners of the Company
for the year ended 31 December 2023 of not more than approximately HKD 21 million, as compared to the loss attributable to the owners of approximately HKD 10.65 million for the year ended 31 December 2022. The Board considers that such an increase in loss is mainly due to, among others, (i) the drop in revenue from HKD 272.56 million in the year ended 31 December 2022 to HK185.67 million for the year ended 31 December 2023 due to the ongoing uncertainty across the global market; and (ii) the increase in the Group's finance cost due to the rise in bank interest rates.