Tycoon Group Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2022. For the period, the group expected to turn around to record a profit before tax of not less than HKD 40.0 million, as opposed to the consolidated loss before tax of approximately HKD 17.5 million for the year ended 31 December 2021. The expected turnaround in results for the year 2022 is primarily due to an overall increase in revenue and gross profit.

The Group's revenue for the year 2022 is expected to increase by not less than 28% (for the year 2021: approximately HKD 888.9 million), reaching over HKD 1,140.0 million which is the record high for a financial year since the inception of the Group. Its gross profit for the year 2022 is expected to increase by not less than 50% (for the year 2021: HKD 151.7 million). The Directors attribute such increase to (i) the significant increase in distribution sale as the Group has optimized its product portfolio; and (ii) an increase in e-commerce sales as a result of continuous efforts in the development and expansion of e-commerce sales.