Safety Godown Company, Limited provided earnings guidance for the year ended 31 March 2022. The Group's turnover and loss before tax for the year ended 31 March 2022 (the "Period") are expected to be approximately HKD 123 million and HKD 73 million respectively, as compared with the Group's turnover and loss before tax of approximately HKD 109.8 million and HKD 136.0 million recorded for the previous corresponding financial period respectively. Subject to auditor's review, the expected loss was mainly attributable to: (i) a fair value loss arising from revaluations of the investment properties of the Group as at 31 March 2022 amounting to approximately HKD 137 million based on the draft valuation reports prepared by an independent value (whereas a fair value loss of approximately HKD 232.3 million recorded for the year ended 31 March 2021); and (ii) a fair value gain on the financial assets at fair value through profit or loss of approximately HKD 11 million recorded for the Period compared with a fair value gain of approximately HKD 46.5 million recorded for the year ended 31 March 2021.