Ling Yui Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 March 2023. For the year, the Group is expected to record a consolidated net loss of not less than HKD 30 million for the year ended 31 March 2023 as compared to the consolidated net profit of approximately HKD 2.2 million for the year ended 31 March 2022. The Board considers that the expected turnaround from net profit to net loss was primarily attributable to the losses incurred in three projects: (1) 92-103A Connaught Road West project; (2) 152-155 Connaught Road Central project; and (3) Ko Chiu Road project, which were caused by unexpected delays in project timelines due to increased project complexity, resulting in cost overruns and additional work required to meet project specifications.