Hanison Construction Holdings Limited provided earnings guidance for the six months ended September 30, 2023. For the period, the company expects to record a net loss of between HKD 105.0 million and HKD 115.0 million. This compares to net loss of HKD 77.6 million in the corresponding period in 2022.

The expected net loss is mainly due to increase in interest expenses in the current period and a further decrease in revaluation of investment properties and properties under development for sale held by the Group and joint ventures. Such decrease in revaluation is recognised through loss on change in fair value of investment properties, write-down of properties under development for sale and share of losses of joint ventures in the current period.