Giordano International Limited provided preliminary consolidated group earnings guidance for the second half and full year ended December 31, 2021. For the year, the group expects to record a net profit attributable to shareholders of not less than HKD 175 million as compared with the net loss attributable to shareholders of approximately HKD 112 million for the corresponding period in 2020.

The group expects to record a Net Profit of not less than HKD 115 million in the second half of the year ended December 31, 2021, which is mainly attributable to: the effective cost control measures adopted by the Group; the decrease in loss due to the closure of loss-making shops; successful negotiations with landlords for normalized rents and rental concessions; and the steady recovery in sales in the fourth quarter of 2021 following the alleviation of movement control measures (including travel restrictions and lockdown measures) imposed by governments to contain the spread of the COVID-19 pandemic.