Chinney Investments, Limited provided consolidated earnings guidance for the year ended 31 March 2024. For the year, The group is expected to record a loss attributable to owners of the Company of approximately HKD 65 million for the year ended 31 March 2024, as compared to the profit attributable to owners of the Company of approximately HKD 33.0 million for the year ended 31 March 2023. The Board considers that the expected decline in profit was primarily due to the combined effect of the following factors: The fair value losses attributable to the Group of approximately HKD 112 million arising from the revaluation of the Group's investment properties as at 31 March 2024 as compared to the fair value gain attributable to the Group of HKD 21 million on investment properties in the last corresponding year.

Such fair value losses are non-cash in nature and will not affect the overall financial position of the Group. Increase in finance costs of the Group which was primarily due to the rapid increase in bank borrowing interest rates in Hong Kong.