Century Energy International Holdings Limited provided earnings guidance for the nine months ended 31 December 2022. For the period, the Group expects to record a loss attributable to the owners of the Company of approximately HKD 17 million for the Current Period, as compared to the profit attributable to the owners of the Company of approximately HKD 121 million for the corresponding period in 2021. The anticipated turnaround from profit to loss attributable to the owners of the Company during the Current Period was mainly attributable to the absence of the one-time significant gain on debt restructuring of approximately HKD 141 million arising from the scheme of arrangement entered into between the Company and its creditors in the corresponding period in 2021.

If this one-time gain is deducted, the operating loss attributable to the owners of the Company was actually decreased from approximately HKD 20 million in the corresponding period in 2021 to approximately HKD 17 million in the Current Period. The decrease in the operating loss attributable to the owners of the Company was mainly attributable to the decrease in administrative expenses.