Kelfred Holdings Limited provided preliminary unaudited consolidated group earnings guidance for the year ended 31 December 2023. For the year, the company expects to record a net profit of approximately HKD 1.4 as compared to a net profit of approximately HKD 9.2 million for the year ended 31 December 2022. The board considered the narrowing of net profit of the Group for the Reporting Year was primarily attributable to the decrease in sales order and profit margin of the sale of eyewear products for the Reporting Year as compared to Previous Reporting Year; partially offset by the demolition compensation received by a subsidiary of the Group in the PRC during the Reporting Year which was not available in the Previous Reporting Year.