FSE Lifestyle Services Limited provided earnings guidance for the year ended June 30, 2021. For the year, the company expected to record an increase in its net profit for the Year of around 40% as compared to its restated net profit of HKD 412.2 million for last year (restated from the previously reported net profit of HKD 309.6 million). The comparative net profit amount for the prior year has been restated for the Group's application of merger accounting for business combinations under common control for its acquisition of the security guarding and event services, insurance solutions and landscaping services businesses completed in April 2021. The increase in the Group's net profit for the Year as compared to the prior year is mainly attributable to (i) an increase in new contracts awarded in facility/property management, and ad-hoc cleaning and disinfection projects following the outbreak of COVID-19; and (ii) an increase in the receipt of subsidies under the Employment Support Scheme of the Hong Kong SAR Government; which are offset by (a) the loss recognized by the Group during the Year in relation to its disposal of laundry business, (b) an increase in the Group's staff costs and (c) a decrease in gross profit from the Group's electrical and mechanical engineering ("E&M") services segment, mostly due to the additional income from completed E&M installation projects in Hong Kong and Macau in the prior year which are not repeated in the Year.