Lai Sun Garment (International) Limited provided consolidated earnings guidance for the year ended 31 July 2023. For the period, consolidated loss attributable to owners of the Company is expected to be within the range of HKD 1,620 million to HKD 1,700 million as compared to a net loss of approximately HKD 1,196 million for the same period last year. The increased loss, partially offset by lower other operating expenses and tax charge, was primarily due to (i) decrease in property sales in Lai Fung Holdings Limited (a 55.08%-owned subsidiary of Lai Sun Development Company Limited, which in turn a 55.60%-owned subsidiary of the Company) predominantly; (ii) write-down of certain properties under development and completed properties for sale; (iii) increased finance costs; and (iv) decrease in fair values of investment properties owned by the Group.