KML Technology Group Limited provided group earnings guidance for the six months ended 30 September 2023. The board of directors of the company informed the shareholders of the Company and potential investors of the Company that, based on the preliminary assessment of the latest management accounts of the Group and the information currently available to the Board, the Group expects to record a loss before tax of approximately HKD 3.1 million for the six months ended 30 September 2023 as compared to a loss before tax of approximately HKD 0.7 million for the six months ended 30 September 2022. The increase in the Group's net loss for the Current Period as compared to the same period last year is mainly attributable to, among other things, i) a decline in gross profit to approximately HKD 17.1 million (Preceding Period: approximately HKD 17.9 million) mainly due to the surged material costs and subcontracting costs, despite an increase in revenue to approximately HKD 93.4 million (Preceding Period: approximately HKD 74.7 million) was
recorded; and ii) the decrease in the other income to approximately HKD 1.7 million (Preceding Period: approximately HKD 5.4 million) primarily due to the absence of the subsidies under the Employment Support Scheme of the Hong Kong SAR Government.