Bauhaus International (Holdings) Limited provided earnings guidance for the year ended March 31, 2022. For the year, the Group is expected to record a net profit of approximately HKD 110.0 million to HKD 150.0 million for the year ended 31 March 2022 (2021: HKD 99.7 million). The favorable results were primarily attributable to the combined effect of (i) substantial gains from disposal of properties aggregately of about HKD 152.9 million (2021:HKD 47.4 million) during the year under review; and (ii) the gain on disposal of a wholly- owned subsidiary of the Company of about HKD 20.6 million (2021: Nil) in respect of the discloseable transaction announced on 14 September 2021 and which was completed on 30 September 2021.
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