Tai Sang Land Development Limited provided consolidated earnings guidance for the six months ended 30 June 2023. For the period, the Company expects that the Group may record (i) a decrease of approximately 40% in consolidated profit as compared to consolidated profit of HKD 261.4 million for the corresponding period in 2022, mainly caused by the decrease in fair value gains on investment properties as compared to the same period last year; and (ii) an underlying loss in the region of HKD 6 million for the six months ended 30th June 2023 as compared to underlying profit of HKD 41.4 million for the corresponding period in 2022, mainly caused by the significant increase in interest expenses as a result of the interest rate hike during the first half of 2023 as compared to the same period last year.