K & P International Holdings Limited provided earnings guidance for the six months ended 30 June 2022. For the period, the company expects unaudited consolidated profit attributable to owners of the Company approximately HKD 7,500,000, representing a decrease of approximately 75% as compared with that of HKD 29,445,277 for the six months ended 30 June 2021. The decrease in unaudited consolidated profit attributable to owners of the Company was mainly attributable to the decrease in the unaudited consolidated revenue of the Company resulting from the decrease in demand for the Group's products (namely precision parts and components comprising keypads, synthetic rubber and plastic components and parts) due to (i) the adverse impact of the war in Ukraine on the Group's customers for their sale of finished products to the European markets, (ii) the consumer sentiment having been adversely affected by the rising inflation globally, and (iii) certain customers of the Group facing difficulties in sourcing microchips for their production and, accordingly, their demand for other parts and components having been reduced which resulted in a drop in the number of orders placed with the Group, and that the Group's cost of sales did not proportionately reduced to the same extent, which has led to a lower gross profit.