Hong Kong Economic Times Holdings Limited provided consolidated earnings guidance for the year ended 31 March 2024. For the year, the Group expected to record a profit attributable to owners of the Company for the year ended 31 March 2024 of approximately HKD 55 million, as compared to the profit attributable to owners of the Company of HKD 27.5 million (after the Employment Support Scheme subsidy granted by the Hong Kong Government of HKD 33.3 million) for the year ended 31 March 2023. The increase in profit is mainly attributable to the combined effect of (a) gain on disposal of a property of approximately HKD 122 million; (b) fair value loss of investment property and impairment losses recognised in respect of Group's certain property, plant and equipment in total amount of approximately HKD 9 million; (c) the write-down of deferred income tax assets of approximately HKD 22 million; and (d) the decrease in advertising revenue when compared to the last financial year.