According to the Zhitong Finance App, Oriental Industrial Holdings (00430) announced that it expects the Group to obtain a comprehensive pre-tax profit of HK$2.9 million to HK$3.5 million in the first half of 2023. Compared with the same period last year, it will obtain a comprehensive pre-tax profit of about HK$6.7 million.

The announcement stated that the expected decrease in profit during the period was mainly due to: a decrease in rental income from investment properties; and an increase in financing costs due to rising interest rates.