Viva Goods Company Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2023. The group is expected to record a loss of not more than HKD 180 million attributable to the equity holders of the Company for fiscal year of 2023. For the year ended 31 December 2022, there was a non-recurring gain on bargain purchase amounted to HKD 956 million due to the acquisition of Viva Qile Limited, which holds a majority interest in C&J Clark (No 1) Limited completed in July 2022.

Excluding this one-off gain, the adjusted loss attributable to the equity holders of the Company was approximately HKD 106 million for fiscal 2022. The increase in loss attributable to the equity holders of the Company in fiscal year 2023 as compared to the aforementioned adjusted loss attributable to the equity holders of the Company for fiscal year2022 was mainly due to i) there was an one-off restructuring expense in the Clark Group in fiscal year 2023, which certain positions of the Clark Group were cut to streamline its business and improve its profitability; and ii) higher impairment on right-of-use assets and property, plant and equipment and inventory provision in fiscal year 2023, which was attributed to the worse-than expected performance of directly- operated stores as a result of the challenging retail market since the second half of 2023, especially in the United Kingdom and the United States markets.