Asiasec Properties Limited provided consolidated earnings guidance for the six months ended June 30, 2023. For the period, the Group is expected to record a net profit ranging from approximately HKD 12 million to HKD 18 million for the six months ended 30th June, 2023, as compared with the net loss of the Group of approximately HKD 4 million for the six months ended 30th June, 2022. The turnaround of the financial performance of the Group were primarily attributable to (i) an increase in revenue due to increase in rental income from investment properties; (ii) an increase in fair value of investment properties; and (iii) a decrease in fair value losses of financial assets at fair value through profit or loss.