King Fook Holdings Limited provides earnings guidance for the year ended 31 March 2022. For the year, the company expects to achieve consolidated profit attributable to owners of the Company for the Year in the range of HK$58 million to HK$62 million as compared to about HK$28.6 million for the previous year. Such substantial increase in profit was primarily due to the significant increase in revenue of the retail business of the Group as consumer sentiment improved on stabilization of the COVID-19 situation in Hong Kong before the fifth wave of the epidemic.

However, business of the Group has slowed down since the 1st quarter of 2022 due to the impact of the fifth wave of the epidemic.