Lai Group Holding Company Limited provided group earnings guidance for the year ended 31 December 2022. The Group is expected to record a net loss ranging from approximately HKD 3.0 million to approximately HKD 4.0 million for the nine months ended 31 December 2022 as compared with a net profit of approximately HKD 1.1 million for the corresponding period in 2021. The Board considers that the net loss was primarily attributable to the decrease in gross profit margin of projects undertaken by the Group, as a result of the continuing adverse and competitive market conditions for the period.