Tycoon Group Holdings Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2023. For the period, the Group's net profit for first half 2023 is expected to increase significantly by more than 250% as compared to the Group's net profit of HKD 22.8 million for the six months ended 30 June 2022 (second half 2022). The revenue of the Group during first half 2023 is expected to increase by not less than 6% (second half 2022: HKD 588.2 million) and its gross profit margin for second half is expected to increase by not less than 3% (second half 2022: 21.8%).

Such results were primarily attributable to an overall increase in revenue and gross profit.