Royal Deluxe Holdings Limited provided consolidated earnings guidance for the year ended 31 March 2024. The group expects to record a decrease in the profit attributable to owners of the company ranging from approximately 70% to 80% for the year ended 31 March 2024 (the "Current Period"), as compared with a profit attributable to owners of the Company of approximately HKD 21.4 million recorded for the year ended 31 March 2023 (the "Previous Period"). The Board considered that such decrease in profit was primarily attributable to (1) a decrease in other income for the Current Period as a result of the absence of non-recurring government grants of approximately HKD 17.7 million received under the Employment Support Scheme in the Previous Period; (2) a provision for impairment loss on leasehold land and buildings under right-of-use assets and property, plant and equipment respectively due to revaluation; and (3) the increase in net allowance on expected credit loss ("ECL") on trade receivables and contract assets being affected by the market environment and general economic conditions of the industry.

The decrease in profit was partially offset by the increase in gross profit generated from the Group's business operations for the Current Period.