Emperor International Holdings Limited provided earnings guidance for the year ended 31 March 2023. For the year, the Group expects to record a net loss of not more than HKD 2,300 million (2022: HKD 740 million) for the year ended 31 March 2023 ("Year"), which is mainly due to (i) a decline in the sales revenue of the residential property development that can be recorded during the Year resulting in a drop in the Group's total revenue by approximately 50%; and (ii) a year-on-year significant increase in the fair value loss on investment properties. The Board is of the view that the fair value loss is a non-cash item and will not have a direct impact on the cash flow of the Group.