Sun Kong Holdings Limited provided consolidated earnings guidance for the three months ended 30 June 2022. For the quarter, the company expects to record a net loss of not less than HKD 0.7 million for the three months ended 30 June 2022 as compared to a net profit of approximately HKD 0.1 million for the three months ended 30 June 2021. Since the first quarter of 2022, slower growth in global demand and epidemic-induced cross-boundary transportation disruptions posed significant drags to logistic sector.

The market demand for diesel oil from the logistics sector was significantly reduced.