M&L Holdings Group Limited provided earnings guidance for the year ended 31 December 2023. For the period, the Group is expected to record a profit of no less than HKD [7.0] million as compared to the loss of approximately HKD 8.6 million for the year ended 31 December 2022 (the Previous Year). The Board considers that the expected turnaround of results from a loss for the Previous Year to a profit for the Year was mainly attributable to an increase in revenue by over 70% during the Year as a result of substantial rise in the demand for disc cutters and steel fabrication products in the tunneling business segment.