Wang On Properties Limited provided unaudited consolidated Group earnings guidance for the year ended 31 March 2022. The Group expects to record a decrease in profit attributable to the owners of the parent of not more than 45% from that as recorded in the latest published annual report for the year ended 31 March 2021. This was primarily attributable to, among other things, a decrease in share of profits of joint ventures of residential projects and absence of completion of residential units during the Year, as netted off by the absence of fair value loss on investment properties and absence of write-down of properties held for sale.