Crypto Flow Technology Limited provided consolidated earnings guidance for the year ended 31 December 2023. The group is expected to record a net loss of not less than HKD 27 million for the year ended 31 December 2023. The net loss has increased by HKD 13 million compared to a net loss of HKD 14 million for the corresponding period in 2022.

The increase in the net loss was mainly due to the provision of expected credit losses on loan and interest receivables, trade receivables and other receivables of not less than HKD 11 million.