Ri Ying Holdings Limited provides earnings guidance for the six months ended 31 March 2022. The Group is expected to record a net loss of approximately HKD 37.5 million for the six months ended 31 March 2022 as compared with a net loss of approximately HKD 53.3 million for the corresponding period in 2021. The Board considers that the expected decrease in net loss was primarily attributable to (i) the increase in revenue as driven by the increase in value of work certified for variation orders and commencement of certain projects during the period; and (ii) the loss incurred for a large scale project for the six months ended 31 March 2021 due to the prolonged negotiations between the Group and the customer on progress certification of works done.