Wan Leader International Limited provides consolidated earnings guidance for the year ended 31 March 2024. For the year, the Group is expected to record a loss before taxation not exceeding HKD 27 million for the Year (as compared to a loss before taxation of approximately HKD 26 million for the respective Year in 2023 (the ?Previous Year?)). The increase in loss was mainly attributable to the effects of a decrease in turnover due to the slower than expected recovery of global trading following the COVID-19 Pandemic, as well as drops in demand for cargo spaces because of the global economic downturn; an increase in storage costs; and an increase in sales and marketing expenses and administrative expenses when compared with the Previous Year.
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