Stamford Land Corporation Ltd. provided consolidated earnings guidance for the six months ended September 30, 2022. The group expects to record a net loss in first half of 2023. The Group's expected net loss in first half of 2023 is mainly attributed to foreign exchange losses and fair value loss on its investment property in London, United Kingdom.

Subject to the fulfilment of stated conditions precedent, the Board expects completion of the following disposals to take place in December 2022: The proposed disposal of the Company's property known as Sir Stamford at Circular Quay in Sydney, Australia as disclosed in the Company's announcements dated 23 August 2022 and 23 September 2022. The proposed disposal of the Company's property known as Stamford Plaza Auckland in Auckland, New Zealand and the business and business assets of SPAK (1996) Limited as disclosed in the Company's announcement dated 10 October 2022.