Max Sight Group Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2023. For the year, the company expects net profit after tax of not less than approximately HKD 8.0 million for the year ended 31 December 2023 as compared to the net loss after tax of approximately HKD 12.4 million for the year ended 31 December 2022 primarily attributable to (i) the revenue of not less than approximately HKD 80.2 million recorded for the year ended 31 December 2023, representing an increase in revenue of not less than approximately HKD 48.9 million from approximately HKD 31.3 million for the year ended 31 December 2022, thus resulting in an increase in gross profit of approximately HKD 21.8 million from approximately HKD 5.1 million for the year ended 31 December 2022 to approximately HKD 26.9 million for the year ended 31 December 2023; partially offset by (ii) the decrease in other income of approximately HKD 1.5 million mainly due to the decrease in gain on lease modification. Such significant increase in revenue and gross profit was mainly due to the increase
in revenue in photography services business as a result of the relaxation of certain social distancing measures and immigration control policies at the end of 2022 which lead a substantial demand on the photography services business in Hong Kong.