Town Health International Medical Group Limited provided earnings guidance for the ended 31 December 2021. The company expects that for the year ended 31 December 2021, the Group will record a consolidated profit in the range of approximately HKD 50 million to HKD 80 million, as compared with the consolidated loss of the Group of approximately HKD 258.5 million recorded for the year ended 31 December 2020. Such turnaround from consolidated loss to consolidated profit was mainly attributable to the combined effects of (i) the increase in the revenue of the Group recorded for the year ended 31 December 2021 as a result of the increase in demand for (a) medical services; (b) mainland hospital management and related services; and (c) COVID-19 testing services during the year ended 31 December 2021, as compared with the revenue of the Group of approximately HKD 1,069.0 million recorded for the year ended 31 December 2020; (ii) the fair value gain of the Group's investment properties recorded for the year ended 31 December 2021, as compared with the fair value loss of the Group's investment properties of approximately HKD 47.6 million recorded for the year ended 31 December 2020; (iii) the increase in share of profits of associates recorded for the year ended 31 December 2021, as compared with the share of profits of associates of approximately HKD 7.5 million recorded for the year ended 31 December 2020; and (iv) the decrease in the expected credit losses and impairment losses of the relevant assets recorded for the year ended 31 December 2021, as compared with the expected credit losses and impairment losses of the relevant assets of approximately HKD 230.6 million recorded for the year ended 31 December 2020.