Petro-king Oilfield Services Limited provided preliminary unaudited consolidated group earnings guidance for the year ended 31 December 2022. For the year, the group expects to record a net loss of no more than HKD 30,000,000 for the Reporting Period as compared with a net loss of approximately HKD 76,732,000 for the year ended 31 December 2021. The Board wishes to report that such decrease in loss was mainly attributable to increase in revenue generated from the provision of oilfield services, decrease in impairment loss on property, plant and equipment, decrease in impairment loss on goodwill, decrease in net impairment loss on financial assets and decrease in net finance costs during the Reporting Period.