Star Group Company Limited provided preliminary consolidated earnings guidance for the year ended 31 December 2023. The Board informed the shareholders of the Company (the "Shareholders") and potential investors that the Group is expected to record a loss attributable to owners of the Company of approximately HKD 295 million for the Current Year as compared to a profit attributable to owners of the Company of approximately HKD 330 million for the year ended 31 December 2022 (the "Corresponding Year"). The expected loss was mainly due to (i) the decrease in revenue generated from the sales of completed projects under property development segment of the Group by approximately HKD 461 million from approximately HKD 1,619 million for the Corresponding Year to approximately HKD 1,158 million for the Current Year; (ii)written down of properties held for sale and loss on change in fair value of investment properties amounted to approximately HKD 24 million and HKD 65 million, respectively, for the Current Year (2022: nil); and (iii) increase in finance costs (after deducting amount capitalised in cost of qualifying assets) by approximately HKD 75 million from approximately HKD 19 million for the Corresponding Year to approximately HKD 94 million for the Current Year.