Lai Group Holding Company Limited provided earnings guidance for the year ended March 31, 2022. For the year, the company expected to record a net loss ranging from approximately HKD 3.4 million to approximately HKD 3.8 million as compared with a net loss of approximately HKD 1.3 million for the year ended March 31, 2021. The Board considers that the increase in net loss was primarily attributable to the decrease in revenue generated from interior design and fit-out services for the first quarter of 2022 mainly owing to the outbreak of the fifth wave of COVID-19 in Hong Kong.
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