AB Builders Group Limited provided consolidated earnings guidance for the year ended 31 December 2022. The company is expected to record a net profit ranging from MOP 9.0 million to MOP 10.0 million for the year ended 31 December 2022 as compared to the net loss of approximately MOP 10.0 million for the year ended 31 December 2021. The significant improvement in result was mainly attributable to: the increase in gross profit following the conclusion of variation orders with higher margin during the second half of 2022 despite the decrease in revenue; increase in other income such as interest income; and the decrease in the administrative expenses as a result of the cost control measures implemented by the Group, but partially offset by the increase in the provision for impairment loss under expected credit loss model as a result of the increase in long-aged accounts receivables.