SG Group Holdings Limited provided earnings guidance for the six months ended 31 October 2022. For the period, the Group is expected to record a loss of not less than approximately HKD 4.0 million for the six months ended 31 October 2022 before taking into account of further impairment or provisions, if any, that may be required to be made, as compared to a loss of approximately HKD 0.6 million for the six months ended 31 October 2021. Based on the information currently available, the expected increase in loss was mainly attributable to (i) the decrease in revenue; (ii) the decrease in gross profit; and (iii) the increase in net realised and unrealised losses on trading securities; as a result of the downturn in the overall fashion retail and wholesale market and the continuous geopolitical tensions, high inflation and interest rate hikes as well as recession risk.