Applied Development Holdings Limited provides earnings guidance for the financial year ended 30 June 2023. The Group may record a loss of approximately HKD 45 million for the financial year ended 30 June 2023, as compared to the loss of approximately HKD 163 million for the financial year ended 30 June 2022. The Board considered that the reduce in loss was mainly attributable to, among others, the following factors: a decrease in fair value loss of financial assets at fair value through profit or loss from approximately HKD 129 million for the financial year ended 30 June 2022 to approximately HKD 29 million for the financial year ended 30 June 2023, mainly derived from the fair value loss from fund investments; an increase in revenue and gross profit from the Group 's resort and property development segment, which was because the properties were delivered to customers in bulk for the financial year ended 30 June 2023 but no bulk delivery was arranged for the financial year ended 30 June 2022.

Thus the overall gross profit of the Group increased from approximately HKD 7 million for the financial year ended 30 June 2022 to approximately HKD 21 million for the financial year ended 30 June 2023; and a decrease in the fair value loss of the Group's investment properties from approximately HKD 22 million for the financial year ended 30 June 2022 to approximately HKD 14 million for the financial year ended 30 June 2023.