PPS International (Holdings) Limited provided preliminary unaudited consolidated group earnings guidance for the year ended 30 June 2023. For the year, the group expects a net loss to be between HKD 4.5 million and HKD 5.5 million attributable to the owners of the Company as compared to the net profit of approximately HKD 10.7 million attributable to the owners of the Company for the year ended 30 June 2022. The decline in the consolidated financial performance of the 2023 Annual Results is primarily due to the net effect of the following factors: recognition of the revaluation loss of approximately HKD 2.6 million (2022: revaluation gain of approximately HKD 5.1 million) on the Group's self-owned properties in Hong Kong; increase in the impairment allowance for the loan and interest receivables by approximately HKD 5.5 million under the Group's money lending business; decline in the profit contributed from the Group's environmental and cleaning services as a result of loss of several service contracts, decline in the price and service volume from some of the company?s customers and increasing labor and manpower service costs; decrease in the interest income and profit contributed from the Group's money lending business as a result of drop in the average loan balances and the average interest rates granted by the Group; and no recognition of the impairment loss (2022: approximately HKD 2.9 million) on the goodwill allocated to the cash generating unit of the environmental and cleaning businesses in the People's Republic of China for the year ended 30 June 2023.