New World Department Store China Limited provided preliminary unaudited consolidated group earnings guidance for the year ended June 30, 2021. For the year, the group expects to record a loss attributable to shareholders of the company of approximately HKD 230.0 million as compared to a loss attributable to shareholders of the company of approximately HKD 483.7 million for the year ended June 30, 2020. The estimated reduction in loss is primarily attributable to a decrease in impairment loss on assets, including goodwill and loss in fair value of investment properties recognized for the year, as compared with the year ended June 30, 2020; a decrease in operating expenses for the year compared with the year ended June 30, 2020; and an increase in net exchange gain mainly arising from the changes on Hong Kong dollar against Renminbi.