DL Holdings Group Limited provided consolidated earnings guidance for the year ended 31 March 2024. For the year, the Group is expected to record a profit for the year of not less than HKD 80 million, as compared to the net loss of approximately HKD 49.2 million for the year ended 31 March 2023 (the "Prior Year"). Based on the relevant information available, the Board considers that the turnaround was mainly attributable to: net losses on disposals of financial assets at fair value through profit and loss ("FVTPL") recorded in the Prior Year being one-off and non-recurring in nature; decrease in reportable segment loss from the sales of apparel products in the Current Year; substantial growth in multi-family offices business and profits from the investment management and advisory services in the Current Year; increase in fund performance fee generated from the provision of financial advisory services
in the Current Year; increase in net fair value gains on financial assets at FVTPL recorded in the Current Year; and fair value gain on step acquisition in relation to the acquisition of the remaining 55% interest in DL Family Office (HK) Limited recorded in the Current Year.