PanAsialum Holdings Company Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the period, the Group will record a profit after taxation for the year of approximately HKD 29.4 million, as compared to the loss after taxation for the year of approximately HKD 104.6 million for the same period last year. Based on the analysis of the information currently available to management, notwithstanding that the Group had a decrease in total revenue as compared to the Corresponding Period, the turnaround from loss to profit was primarily attributable to (i) the increase of the Group's overall gross profit margin as a result of sustained endeavours in cost containment and enhancements in production efficacy; (ii) a contraction in distribution and selling expenses as a result of an increase in the proportion of sales with less transportation costs; (iii) a marked reduction in administrative expenses mainly due to a diminution in impairment loss, depreciation and salaries and benefit expenses offset by a rise in loss on disposal of fixed assets; (iv) a decrease in finance costs due to decrease in interest expenses subsequent to the strategic repayment of bank loans; (v) non-recurring gain on disposal of subsidiaries, namely Changji and PanAsia Enterprises (Jiangmen) Company Limited; and (vi) reversal of over-provision of income tax for prior years.