Novacon Technology Group Limited provided consolidated earnings guidance for the year ended 31 March 2024. For the year, the Group is expected to recorded a net loss of approximately HKD 19 million for the year as compare to a net profit of approximately HKD 5.7 million for the year ended 31 March 2023. Based on the information currently available to the Company, the change from net profit position for the year ended 31 March 2023 to the expected net loss position for the year ended 31 March 2024 was mainly attributable to (i) the increase in employee benefits expenses primarily due to the one-off staff bonus paid in May 2023 and (ii) the decrease in revenue.