Herald Holdings Limited provided earnings guidance for the year ended March 31, 2024. For the period, the company expected to record a net loss attributable to the equity Shareholders in the range of HKD 5 million to HKD 15 million for the year ended 31 March 2024 (year ended 31 March 2023: a net profit attributable to the equity Shareholders of HKD 82.3 million). Such change is mainly attributable to the decline in customer demand as a result of a tight spending environment and retailers cutting back on inventories, the absence of the net gain from the disposal of a Hong Kong property (year ended 31 March 2023: HKD 22.5 million), and net valuation losses on investment properties of approximately HKD 7 million (year ended 31 March 2023: net valuation gains of HKD 1.8 million).