Sandmartin International Holdings Limited announced unaudited consolidated earnings guidance for the six months ended 30 June 2023. The Group is expected to record a consolidated net loss of not less approximately HKD 47,000,000 for the Reporting Period, as compared with the consolidated net loss of approximately HKD 21,117,000 for the corresponding period in 2022. The expected consolidated net loss for the Reporting Period is primarily attributable to (i) the decrease of Revenue of the Group, (ii) the decrease in fair value of investment properties of the Group based on the latest property valuation results and (iii) share of loss of an associate.