Baguio Green Group Limited provided consolidated unaudited earnings guidance for the year ended 31 December 2023. for the year, the Group is expected to record a net profit of approximately HKD 48.0 million to ­HKD 51.0 million. Excluding non-operating subsidies* from the HKSAR Government (the "Government"), the Group is expected to record a net profit for the Year of approximately HKD 46.2 million to ­HKD 49.2 million, representing an increase of approximately 41.5%-­50.4% as compared to the corresponding figure in 2022.

This significant net profit increase primarily stems from: (i) the growth impetus provided by the Hong Kong Waste Charging Scheme for its recycling and green technology businesses; (ii) securing new cleaning contracts with the Government, quasi-government bodies, and private entities; and (iii) amplified efficiency gains due to economies of scale.