Regina Miracle International (Holdings) Limited provided preliminary unaudited consolidated group earnings guidance for the year ended March 31, 2021 and second half of fiscal year 2021. For the year, the group expects to record a drop in net profit of less than 60% and drop in net profit (excluding restructuring cost) of less than 40% as compared to that of the last financial year (fiscal 2020). Such downturn was mainly attributable to the following reasons which happened in the first half of fiscal 2021: the outbreak of COVID-19 which resulted in a drop in capacity utilization and operating deleverage; and restructuring cost for streamlining the production capacity and human resources. For the second half, the group witnessed promising sales improvement, a high-single-digit and a double-digit year-on-year percentage growth in Revenues were recorded, as compared to that of second half of fiscal 2020 and first half of fiscal 2021 respectively. Net profit was also improved as compared to that in the second half of fiscal 2020 and the first half of fiscal 2021.