Victory Securities (Holdings) Company Limited provided consolidated earnings guidance for the year ended 31 December 2022. For the year, the company expects to record a loss for the year of approximately HKD 24.24 million, as compared to a profit of approximately HKD 15.05 million in the corresponding period last year. The Board considers the expected loss for the year ended 31 December 2022 is mainly attributable to the adverse market conditions which results in the decrease in revenue from securities brokerage services, as well as increase in charge for allowance for expected credit losses on accounts receivable.