AB Builders Group Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the period, the company expected to record a loss after tax of not more than HKD 18 million for the year ended 31 December 2023 as compared to a profit after tax of approximately HKD 9.8 million for the year ended 31 December 2022. The expected loss is primarily attributable to (i) the decrease in gross profit following the
completion of projects with lower gross profit margin during 2023 as compared to those projects completed in 2022; and (ii) the decrease in revenue from fitting-out projects due to the general reduction in demand for these services in 2023.