OOH Holdings Limited provided group earnings guidance for the three months period ended 30 June 2022. For the period, the company expects net loss of approximately HKD 2.1 million for the three months of 2023 as compared to a net loss of approximately HKD 1.1 million for the three months period ended 30 June 2021. The expected increase in loss was mainly attributable to a combination of the decrease of overall revenue of the Group by approximately 13.6% from approximately HKD 11.8 million for the three months of 2022 to approximately HKD 10.2 million for the three months of 2023; and the decrease of overall gross profit margin of the Group from approximately 37.8% for the three months of 2022 to approximately 29.4% for the three months of 2023.

Such decreases were mainly contributed by the outbreak of the fifth wave of COVID-19 which led to the poor market sentiment.