PanAsialum Holdings Company Limited provided consolidated earnings guidance for the six months ended 30 June 2023. For the period, the Group expects to record a net profit of approximately HKD 0.5 million, which is similar to a net profit of approximately HKD 0.4 million for the same period last year. The Board expects that there will be a significant drop of approximately 50% in revenue as compared to the corresponding period in 2022, primarily attributable to decrease in the average price of aluminium ingot leading to the drop in the average price of the sales in the first half of 2023 as compared to that of the corresponding period in 2022, and the prolonged post-COVID-19 effect resulting in the slowdown in global economic growth
as well as the decrease in the sales volume.