Applied Development Holdings Limited provided earnings guidance for the financial year ended June 30, 2021. For the year, the company expected to record a loss of approximately HKD 57 million for the financial year ended 30 June 2021, as compared to the loss of approximately HKD 255 million for the financial year ended 30 June 2020. The Board considered that the reduction in loss was mainly attributable to, among others, the following factors: an impairment loss on loans receivables of approximately HKD 59 million was recorded in the financial year ended 30 June 2020 while there was a reversal of impairment loss on loans receivables of approximately HKD 17 million in the financial year ended 30 June 2021; a decrease in the fair value loss of the Group 's investment properties from approximately HKD 75 million in the financial year ended 30 June 2020 to approximately HKD 27 million in the financial year ended 30 June 2021; a decrease in a net loss on disposal of financial assets at fair value through profit or loss from approximately HKD 40 million in the financial year ended 30 June 2020 to approximately HKD 1 million in the financial year ended 30 June 2021.