Lippo Limited provided group earnings guidance for the six months ended 30 June 2023. The company estimated that it may record a net fair value gain on financial instruments at fair value through profit or loss of approximately HKD 29 million for the six months ended 30 June 2023 (the Period), as compared to a fair value loss of HKD 25 million for the six months ended 30 June 2022 (the Last Period). Based on information currently available to the Company, the Board estimates that the Group may record a consolidated profit attributable to shareholders of approximately HKD 3 million for the Period, as compared to a consolidated profit of HKD 105 million for the Last Period.

The change was mainly attributable to decrease in share of profit of joint ventures of the Group for the Period, but offset by the aforesaid net fair value change on financial instruments of the Group and the improvement in the performance of the Group's food businesses.