Reliance Global Holdings Limited provided earnings guidance for the six months ended 30 September 2022. The Group expected to record a decrease in profit attributable to owners of the Company for half year 2022 to not less than HKD 1.9 million as compared to the profit attributable to owners of the Company for the six months ended 30 September 2021 of approximately HKD 8.9 million. The decrease in profit attributable to owners of the Company is mainly due to (i) the decrease in profits generated by the Group's timber supply chain operation and money lending operation primarily owing to the decline in their revenues; and (ii) the exchange loss incurred by the Group owing to the depreciation of Euro.