Herald Holdings Limited provided group earnings guidance for the six months ended September 30, 2023. For the period, the Group is expected to record a net profit attributable to the equity Shareholders in the range of HKD 5 million to HKD 10 million for the six months ended 30 September 2023 (six months ended 30 September 2022: a net profit attributable to the equity Shareholders of HKD 44 million). Such change is mainly attributable to the decline in customer demand as a result of a tight spending environment and retailers cutting back on inventories.