Reliance Global Holdings Limited provided earnings guidance for the year ended 31 March 2023. For the period, the Group expects to record a substantial decline in profit attributable to owners of the Company to near break-even level as compared with the same for the year ended 31 March 2022 of approximately HKD 12.8 million. The decline in the Group's results is mainly due to (i) the loss recorded by the Group's timber supply chain operation primarily due to the decline in its revenue, the squeeze in profit margin, and the surge in energy costs in Europe; and (ii) the decrease in profit (before reversal of net impairment loss) recorded by the Group's money lending operation primarily due to the decline in its revenue owing to the reduced size of its loan portfolio.