Tycoon Group Holdings Limited provided earnings guidance for the six months ended 30 June 2022. For the period, based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2022 and the information currently available, the company is expected to turn around to record a profit of not less than approximately HKD 20.0 million as opposed to a loss of approximately HKD 10.2 million for the six months ended 30 June 2021 (first half 2021), in each case, before the share of profit by the non-controlling interests. The Group's revenue is expected to increase by not less than 50% (first half 2021: HKD 380.7 million) reaching over HKD 570 million which is the record high for the first half of the financial year since inception of the Group.

Its gross profit is expected to increase by not less than 60% (first half 2021: HKD 71.5 million).