Ulferts International Limited provided financial guidance for the year ended 31 March 2022. The Group expects to record a net profit of not more than HKD 5.0 million (2021: HKD 16.8 million) for the year ended 31 March 2022 (the "Year"). Such change is mainly due to (i) a less than 5% decline in the Group's total revenue as a result of a tough business operating environment during the second half of the Year; and (ii) a significant decline in the Group's other income and gains during the Year.