Allied Sustainability and Environmental Consultants Group Limited provided group earnings guidance for the year ended 31 March 2022. The board of directors of the Company informed the shareholders of the Company and potential investors that, despite there is an increase in revenue for the year ended 31 March 2022, the Group is expected to record a loss attributable to owners of the company for the year ended 31 March 2022 in the amount of approximately HKD 4.9 million as compared to the profit attributable to owners of the Company of approximately HKD 3.5 million for the year ended 31 March 2021. The turnaround from profit to loss was mainly attributable to the increase in staff costs for retaining talents; the increase in the allowance of credit loss for accounts receivable due to delay in the payments from customers; and absence of government subsidies from the COVID-19 Anti-epidemic Fund under the Employment Support Scheme for the year ended 31 March 2022 as compared to the year ended 31 March 2021.