PPS International (Holdings) Limited provided consolidated earnings guidance for the fiscal year ended 30 June 2022. For the period, the company expects net profit between HKD 9.0 million and HKD 11.0 million attributable to the owners of the company will be recorded as compared to the net profit of approximately HKD 19.2 million attributable to the owners of the Company for the year ended 30 June 2021. The decline in the consolidated financial performance of the 2022 Annual Results is primarily due to the net effect of the following factors: decrease in receipt of one-off subsidies by approximately HKD 22.9 million from the Employment Support Scheme under the Antiepidemic Fund granted by the government of the Hong Kong Special Administrative Region, decrease in the impairment allowance for the loan and interest receivables by approximately HKD 7.6 million under the Group's money lending business, increase in the revaluation gain by approximately HKD 1.8 million on the Group's self-owned properties in Hong Kong, recognition of the impairment loss of approximately HKD 2.9 million on the goodwill allocated to the cash generating unit of the environmental and cleaning businesses in the People's Republic of China, and improvement in the operating profit contributed from the Group's environmental and cleaning businesses in Hong Kong by approximately HKD 5.0 million.