Wah Wo Holdings Group Limited provided consolidated earnings guidance for the year ended March 31, 2024. For the year, the company expects to record a consolidated net loss of not more than approximately HKD 57.9 million for the year ended 31 March 2024 as compared to the audited consolidated net profit of approximately HKD 2.9 million for the year ended 31 March 2023. The expected turnaround from profit to loss in the current year was primarily attributable to (i) non-cash item resulted from the fair value loss of investment properties of approximately HKD 19.1 million; (ii) winding up of a major customer of the Group on 1 March 2024 and the related loss in three construction projects with that customer amounting to approximately HKD 20.6 million; and (iii) increase of provision for impairment loss allowance of approximately HKD 22.6 million and specific provisions of approximately HKD 23.8 million to certain customers because of the Board's estimated increase in credit risk of the Group after the aforesaid customer, being a major construction group in Hong Kong, had wound up during the year.