GTI Holdings Limited provided consolidated earnings guidance for the year ended June 30, 2023. For the year, the company expected to record an unaudited consolidated revenue from the Textile Business of approximately HKD 262 million, representing an increase by more than approximately 3.5 times as compared to that for the year ended 30 June 2022. In particular, the Group's Textile Business for the six months period ended 30 June 2023 is expected to record an unaudited consolidated revenue of approximately HKD 231 million, representing approximately 8.3 times of the revenue for the second half of FY2021/22.

Such significant increase in the revenue from the Textile Business during the periods were mainly attributable to the continuous growth in revenue generated from the Group's Textile Business resulting from the expansion of customer base. Based on the interim results announcement for the six months ended 31 December 2022, the Group recorded other gains of approximately HKD 28.7 million, mainly contributed from the disposal of a piece of land pursuant to a court order in the PRC. Overall, the Group is expected to record net profit after tax of approximately HKD 22.0 million for FY2022/23, representing a turnaround from a net loss of approximately HKD 137.6 million for FY2021/22.

The Company is still in the process of finalising the Group's annual results for FY2022/23.