Lippo Limited provided earnings guidance for the six months ended 30 June 2022. For the period, the company expects a consolidated profit attributable to shareholders of not less than HKD 100 million for the Period, as compared to a consolidated profit of approximately HKD 237 million for the Last Period. The decrease in profit was largely attributable to the net fair value loss on financial instruments at fair value through profit or loss of the Group during the Period while a net fair value gain was recorded in the Last Period.

The impact was partially offset by the increase in share of profit of joint ventures (details of which were disclosed in the announcement of the Company dated 10 August 2022) during the Period.