Tungtex (Holdings) Company Limited provided preliminary unaudited consolidated group earnings guidance for the six months ended 30 September 2022. For the period, the Group is expected to record a profit attributable to the owners of the Company of not less than HKD 5 million, as compared to a loss attributable to the owners of the Company of HKD 32.0 million in the last corresponding period. The turnaround from loss to profit is mainly attributable to the significant increase in revenue and gross profit as compared to that of the last corresponding period, coupled with the overall selling and distribution costs and administrative expenses were maintained at a level similar to that of the last corresponding period notwithstanding the significant increase in sales revenue.