OOH Holdings Limited provided earnings guidance for the year ended March 31, 2023. For the period, the company expects to record a net loss of approximately HKD 9.5 million for Fiscal year 2023 as compared to a net loss of approximately HKD 2.7 million for the year ended 31 March 2022. The Board considers that the expected increase in loss for Fiscal year 2023 was mainly attributable to a combination of the decrease of overall revenue of the Group by approximately 20.9% from approximately HKD 55.5 million for Fiscal year 2022 to approximately HKD 43.9 million for Fiscal year 2023 due to the outbreak of the fifth wave of COVID-19 in early 2022 and the high number of infection cases during 2022 which led to poor market sentiment and the absence of revenue generated from the election campaign for 2021 Hong Kong Legislative Council which ended in December 2021; the decrease in the overall gross profit margin from approximately 44.0% for FY2022 to approximately 35.1% for Fiscal year 2023; the recognition of impairments of intangible assets and right-of-use assets of approximately HKD 2.9 million for Fiscal year 2023; and the reduction in losses arising from the fair value changes of financial assets from approximately HKD 5.7 million for Fiscal year 2022 to approximately HKD 36,000 for Fiscal year 2023.