Kingboard Laminates Holdings Limited provided preliminary unaudited group earnings guidance for the year ended 31 December 2023. For the year, the group expects to record a net profit of not less than HKD 860 million, representing a decrease in net profit of not more than 55% as compared with the corresponding period in 2022. Although under the competitive market of laminate products, the quantities of the laminate products manufactured and sold by the Group increased for the year ended 31 December 2023 compared with the corresponding period in 2022.

However, the profit of the Group remains decrease, which mainly attributable to the decrease in unit selling price of the market.