Kangda International Environmental Company Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the year, the Group is expected to record an approximately 45%-50% decrease in the profit attributable to equity owners of the Company as compared to that for the year ended 31 December 2022. Such decrease is mainly attributable to (i) the reduction in the number of the Group's construction projects, leading to a decrease in revenue attributable to construction services; and (ii) the increase in the Group's operating costs such as chemicals and electricity.

The Board considers that the Group's overall financial position, businesses and operations remain healthy, and is confident in the long-term development of the Group.