Star Group Company Limited provided preliminary unaudited consolidated group earnings guidance for the year ended December 31, 2021. For the year, the group expects to record a consolidated loss before tax of approximately HKD 36 million as compared to the consolidated net profit before tax of approximately HKD 310 million for the year ended December 31, 2020. Despite that the group has accounted for cash inflow from pre-sales of properties, no revenue on such pre-sales of properties could be recognised during the year in accordance with relevant accounting standards.

The group expects loss for the year ended December 31, 2021 was primarily due to decrease in revenue as a result of no completion of property development project for sales recognition during the year ended December 31, 2021 as compared to the substantial gain arising from a one-off disposal of a subsidiary during the year ended December 31, 2020.