Classified Group (Holdings) Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the year, the Group is expected to record a net loss of not more than HKD 16.0 million as compared to a net loss of approximately HKD 20.4 million recorded for the corresponding period in 2022. Such reduction in loss was mainly attributable to the combined effect of: the closure of two loss making restaurants upon expiry of their respective tenancy agreements in 2022; the reduction of write- down of the inventories to net realisable values; the reduction of impairment loss on right- of-use assets; and more revenue generated from existing restaurants although there were significant reduction in government subsidies and rent concessions related to COVID-19.