King Fook Holdings Limited provided unaudited consolidated earnings guidance for the year ended March 31, 2021. For the year, the company expected Group is expected to achieve consolidated profit attributable to owners of the Company for the Year of over HKD 25 million as compared to about HKD 5.8 million for the previous year. Such substantial increase in profit was primarily due to the increase in revenue and gross profit margin of products in the retail business and decrease in operating costs, mainly as a result of reduction of rental expenditures of the Group's shops with easing of the rental market in the Group's favour and decrease in marketing expenses. Despite the adverse impact of Covid-19 in 2020, the Group's retail business had gradually recovered in the second half of 2020 and the revenue for the Year had a low single digit growth.