Million Hope Industries Holdings Limited provided earnings guidance for the six months ended September 30, 2022. For the period, the company expected to record a decrease of approximately 85% to 100% in net profit attributable to owners of the Company for the six months ended 30 September 2022 as compared to that for the corresponding period in 2021. Such expected decrease in net profit was mainly attributable to the decrease in gross profit margin due to extra costs incurred by the Group during the current period to speed up the installation process in some construction sites which work programmes were delayed as a result of the COVID-19 pandemic.