Cocoon Holdings Limited provides earnings guidance for the six months ended 30 June 2023. The Group is expected to record a net profit ranging from HKD 28.0 million to HKD 32.0 million for the Reporting Period, as compared to the net loss of approximately HKD 33.7 million for the corresponding period in 2022. The turnaround from net loss to net profit is primarily attributable to (i) an increase of unrealised gain on listed investments (from a loss of approximately HKD 33.6 million for the corresponding period in 2022 to a profit approximately HKD 27.7 million for the Reporting Period); (ii) an increase of realised gain on listed investments (from approximately HKD 0.3 million for the corresponding period in 2022 to approximately HKD 1.5 million for the Reporting Period); and (iii) an increase of realised gain on disposal of loan notes (from nil for the corresponding period in 2022 to approximately HKD 3.3 million for the Reporting Period).