Trio Industrial Electronics Group Limited provided earnings guidance for the the year ending 31 December 2022. The Group expects to record a profit attributable to equity holders of the Company of not less than HKD 40.0 million for the year ending 31 December 2022 as compared to a loss attributable to equity holders of the Company of approximately HKD 10.6 million for the year ended 31 December 2021. The expected turnaround is mainly due to the following reasons: increase in the Group's revenue due to strong customers' demand rebounded from the COVID-19 pandemic in its major markets; partial recovery of soaring material costs from certain customers; reversal of provision for impairment loss of obsolete inventories; and rise in net gain on foreign exchange mainly driven by the depreciation of Renminbi and Thai Baht against United States Dollar.