Lion Rock Group Limited provided preliminary unaudited consolidated group earnings guidance for the six months period ended 30 June 2023. For the period, the group expects the profit attributable to owners of the Company decreased by the range of 45% to 55% as compared with the profit attributable to owners of the Company of HKD 140 million for the six months ended 30 June 2022. The Board considered that such decrease was mainly attributable to the one-off non-recurring fair value gain of approximately HKD 31 million on derecognizing Quarto as associate in April 2022; slowing down of orders in the printing segment as publishers were making effort to release the overstocked position carried from 2022; decrease in margin in printing segment resulting from upsurge of material cost; and lowered turnover and profit from the publishing segment following a strong 2022 result.