Sun Kong Holdings Limited provided earnings guidance for the six months ended 30 September 2022. For the period, the company expects to record a net loss of approximately HKD 2.9 million for the six months ended 30 September 2022 as compared to a net profit of approximately HKD 0.3 million for the six months ended 30 September 2021. Since 2022, economic downturn and epidemic-induced cross-boundary transportation disruptions posed significant drags to logistic sector.

The market demand for diesel oil from cross-boundary transportation sector was significantly reduced. Furthermore, continued increase in crude oil prices directly creates pressure on the purchase cost of diesel oil.