Kingboard Laminates Holdings Limited provided earnings guidance for the six months ended 30 June 2023. For the period, the company expects to record a net profit of more than HKD 400 million in the reporting period, representing a decrease in net profit of not more than 78% as compared with the corresponding period last year. The expected decrease in the net profits of the Group in the Reporting Period is primarily attributable to the decrease in both unit selling price and quantity of the laminate products manufactured and sold by the Group and the decrease in the number of residential properties handed over.