Wing On Company International Limited provided group earnings guidance for the year ended 31 December 2022. For the year, the group expects to record a loss attributable to Shareholders of approximately HKD 303.5 million as compared to a profit of HKD 552.5 million for the year ended 31 December 2021. Such loss is mainly due to the unrealised loss of approximately HKD 259.4 million from the Group's investment portfolio for the year ended 31 December 2022 as explained below, as well as the net valuation loss of approximately HKD 365.9 million on the Group's investment properties for the year ended 31 December 2022 as compared to the net valuation gain of HKD 180.1 million for the year ended 31 December 2021.

The Group also expects to record an underlying profit attributable to Shareholders, which excludes the net valuation loss on the Group's investment properties and related deferred tax thereon, for the year ended 31 December 2022 in the amount of approximately HKD 75.8 million as compared to an underlying profit of HKD 420.2 million for the year ended 31 December 2021.