Planetree International Development Limited provided consolidated earnings guidance for the year ended December 31, 2021. For the year, the company expected to record a loss after tax for the FY2021 in the amount of approximately HKD 11 million as compared to a profit of HKD 41 million for the year ended December 31, 2020. The Board considers that notwithstanding the Group's core business operations in financial services performed steadily in FY2021, such change is mainly attributable to the combined effects of the year-on-year reduction of other income from the non-recurring gain on disposal of subsidiaries by HKD 48 million; and the share of loss for HKD 57 million in FY2021 from an associate principally engaged in holding listed equity investments vis-à-vis the share of profit for HKD 47 million from that associate in FY2020.

After allocating the profit attributable to non-controlling interests for HKD 7 million for FY2021 (FY2020: a loss of HKD 1 million), the loss attributable to the owners of the Company for FY2021 is expected to be HKD 18 million (FY2020: profit of HKD 42 million).