Crocodile Garments Limited announced that Based on the preliminary assessment of the latest consolidated management accounts of the Group, the board of directors of the Company announced that the Group's annual results for the year ended 31 July 2022 is expected to record a consolidated loss attributable to owners of the Company not more than HKD 80 million (2021: loss of HKD 2 million). The estimated increase in loss is primarily due to the fair value losses arising from the revaluation of the Group's investment properties and investment portfolio, which are non-cash in nature.