Giordano International Limited provided consolidated earnings guidance for the six months ended June 30, 2021. The group expects to record a net profit attributable to shareholders of not less than HKD 50 million for the six months ended June 30, 2021, as compared with the net loss of HKD 175 million for the corresponding period in 2020. The turnaround from loss to profit was primarily due to the double-digit sales increase on the relaxation of social distancing measures, an improved gross margin, the reduction in the Group's operating expenses, the decrease in impairment loss on right-of-use assets and property, plant and equipment as compared to the HKD 71 million impairment made for the corresponding period ended June 30, 2020.