Arta TechFin Corporation Limited provided consolidated earnings guidance for the year ended 31 March 2024. The company announced that based on the board's preliminary assessment of the consolidated management accounts of the Group for the year ended 31 March 2024 (fiscal year 2024) it is expected the group is likely to record a consolidated net loss of not less than approximately HKD 60 million as compared to the consolidated net loss of approximately HKD 90 million for the year ended 31 March 2023 (fiscal year 2023). Based on the information currently available to the Board, the expected decrease in consolidated net loss for fiscal year 2024 as compared to fiscal year 2023 was mainly attributable to the combined effect of, inter alia, (i) increase in revenue and other income by approximately HKD 13 million; (ii) decrease in provision for impairment loss of accounts receivable by approximately HKD 3 million; (iii) reduction of employee benefit expenses by approximately HKD 16 million; (iv) reduction of consultancy, legal and professional fees by approximately HKD 4 million and (v) reduction of other operating expenses by approximately HKD 4 million, effect of which was partially set off by increase in information technology and maintenance expenses by approximately HKD 10 million and increase in finance costs by approximately HKD 4 million.