Shun Ho Property Investments Limited provided unaudited consolidated earnings guidance for the financial year ended 31 December 2022. The company announced that, based on the preliminary assessment of the unaudited consolidated management accounts of the groups for the financial year ended 31 December 2022 and information currently available, it is expected that (i) there would be an increase in revenue for the financial year ended 31 December 2022 in the range of 10% to 20%, as compared to that for the financial year ended 31 December 2021. And the net profit attributable to owners (after depreciation) would be not less than HKD 450 million for the financial year ended 31 December 2022 as compared to approximately HKD 68 million for the financial year ended 31 December 2021.

The increase in expected profit attributable to owners (after depreciation) for the financial year ended 31 December 2022 is primarily attributable to increase in hotel revenue with higher room rates as compared to those in the financial year ended 31 December 2021 and disposal of a long-term investment. Moreover, the management has also taken prompt measures to streamline operating structure and to control operating costs.