Courage Investment Group Limited provided earnings guidance for the year ended 31 December 2023. The Group expects to record a loss attributable to owners of the Company for financial year 2023 of not more than USD 4.5 million as compared to the profit of approximately USD 1.1 million recorded for the year ended 31 December 2022 ("FY2022"). Such turnaround of the Group's results is mainly the combined effect of (i) the decrease in profit contribution from the Group's marine transportation operation to approximately USD 2.2 million (FY2022: USD 5.4 million); (ii) the loss on disposal of a subsidiary of approximately USD 2.1 million (FY2022: nil) as announced by the Company on 26 September 2023; (iii) the decrease in allowance for credit losses on debt instruments at fair value through other comprehensive income to approximately USD 1.1 million (FY2022: USD 1.4 million); and (iv) the increase in impairment loss recognised on vessels of approximately USD 1.0 million (FY2022: USD 0.8 million).