Vicon Holdings Limited provided earnings guidance for the year ended 31 March 2023. For the year, the company expects profit after tax of not less than approximately HKD 1.4 million compared with a net loss of approximately HKD 24.6 million for the year ended 31 March 2022. The Board considers the expected turnaround from loss to profit was primarily attributable to the combined effects of the following factors: the Group commenced certain new projects during the Current Year with higher contract sums relative to the corresponding period in 2022, resulting in higher revenue during the Current Year; and the Group recorded a decrease in administrative expenses, mainly due to decreases in direct staff costs and unallocated depreciation on machinery and equipment not used in construction projects.