Matrix Holdings Limited provided unaudited preliminary consolidated earnings guidance for the year ended 31 December 2023. The Group is expected to record a loss in the range of approximately HKD 90 million to HKD 110 million for the Year 2023 as compared to the profit of approximately HKD 6.2 million for the year ended 31 December 2022. The Board considers that the decrease in the net profit of the Group attributable to the owners of the Company for Year 2023 was mainly due to decrease in revenue for Year 2023 as compared to Year 2022 as high inflation and fears of lagging economic growth have deterred consumer spending.

In addition, impairment loss was made on property, plant and equipment, intangible assets and deposit.