HKR International Limited provided unaudited consolidated earnings guidance for the year ended 31 March 2023. The Group estimates that it will record around a 57% decline in the underlying net profit excluding net unrealised gains/losses on fair value change of investment properties for the Year when compared to that reported for the year ended 31 March 2022. Such decline is primarily owing to: (i) decrease in the Group's revenue and profit from sale of properties as the pace of property sales in Hong Kong has slowed down considerably; (ii) rising interest rates leading to increase in the Group's finance costs; and (iii) continuous depreciation of Renminbi, Thai Baht and Japanese Yen during the Year leading to increase in the Group's net exchange losses arising from translating foreign currency denominated assets.