Ulferts International Limited provided earnings guidance for the year ended March 31, 2021. For the year, the company reported consolidated net profit of not more than HKD 19.0 million while a net loss of HKD 1.0 million was recorded for the six months ended 30 September 2020, indicating a turnaround in the second half of the Year. Such turnaround is mainly attributable to (i) an increase in total revenue as a result of a noticeable improvement of demand for furniture and home accessories during the second half of the Year, of which the total revenue during the 2H of the Year increased by more than 35% over that of the first half of the Year amounting to HKD 97.8 million; and (ii) the effective cost saving measures implemented by the Group during the Year.