Chia Tai Enterprises International Limited provided group earnings guidance for the first quarter ended 31 March 2023. The Group is expected to record an unaudited consolidated profit attributable to Shareholders of approximately $2 million for the three months ended 31 March 2023 (First Quarter of 2023) as compared to that of a loss of $2.1 million for the three months ended 31 March 2022. Such change from loss to profit was mainly due to improved performance of the Group's industrial business. Share of profit of a joint venture, ECI Metro Investment Co Ltd, is expected to turn from a
loss of $2.6 million in First Quarter 2022 to a profit of approximately $1 million in First Quarter 2023. Nevertheless, the Group remains cautious for performance in the remaining quarters of 2023.