Tristate Holdings Limited provided earnings guidance for the year ended 31 December 2023. For the period, the company expects that the Group would record a substantial increase in profit attributable to equity shareholders ranging from approximately HKD 160 million to HKD 180 million for the Current Reporting Year, as compared to the audited profit attributable to equity shareholders of approximately HKD 31 million for the last financial year ended 31 December 2022. The substantial increase in profit attributable to equity shareholders was mainly attributable to the significant reduction in losses recorded for the Group's licensed brands, Nautica and Spyder, due to revenue increase and improved performance.