On March 15, B&R International (02668.HK) announced that the company expects the Group to record losses attributable to the company's shareholders of HK$190,000,000 to HK$210,000,000 for the year ended December 31, 2023, compared to HK$14,300,000 last year.

This anticipated loss is mainly due to (i) a significant increase in expected credit losses on accounts receivable and financial lease receivables in the supply chain business; (ii) a significant increase in fair value losses in investment properties; (iii) a sharp decrease in dividend income from equity investments, which recorded HK$35,800,000 last year; (iv) a loss recorded by the sale of subsidiaries holding properties; and (v) a sharp decrease in the revenue contribution of the Group's supply chain business for the year ended 31 December 2023.