Snack Empire Holdings Limited provided group earnings guidance for the year ended March 31, 2024. The board of directors of the Company informed the shareholders and potential investors of the Company that based on a preliminary assessment by the Company's management on the unaudited consolidated management accounts of the Group and the information currently available to the Board, the Group expects net profit attributable to equity holders of the Company for the year ended 31 March 2024 to fall by approximately 90% as compared to the year ended 31 March 2023. The Directors consider the decrease in net profit was mainly due to (i) the decrease in sales of goods in Singapore and Malaysia, (ii) the increase in payroll costs for the office expansion and (iii) expenses incurred in relation to the setting up of a new brand.