Prosper One International Holdings Company Limited provided preliminary unaudited consolidated group earnings guidance for the six months ended 31 October 2022. For the period, the group expects to record a profit attributable to owners of the Company of approximately HKD 3.6 million as compared to the loss attributable to owners of the Company of approximately HKD 3.2 million for the six months ended 31 October 2021. The expected profit was primarily attributable to the combined effect of the decrease in core operating expenses of the Group's watches retail business in Hong Kong as a result of downsizing the retail network by closing underperforming shops; the decrease in non-cash expenses such as depreciation of right-of-use assets and depreciation of property, plant and equipment; and the increase in gross profit of the Group's trading business, which offset the decline in the gross profit of the Group's watches retail business.