Kinetic Development Group Limited provided earnings guidance for the six months ended 30 June 2023. For the period, based on the preliminary review of the unaudited management accounts of the Group for the six months ended 30 June 2023, the net profit of the Group for the six months ended 30 June 2023 is expected to decrease by not less than 50% as compared to the six months ended 30 June 2022, which is mainly attributable to (i) a decrease in the coal production volume caused by slower mining progress, resulting from geological fault structure encountered in underground mining; and (ii) a decrease in the coal price resulting from the volatile coal market.