Yangtzekiang Garment Limited provided earnings guidance for the six months ended September 30, 2023. The group is expected to record a net loss after taxation in the range of between HKD 17 million to HKD 20 million for the six months ended 30 September 2023 as compared to a net profit after taxation of approximately HKD 8 million for the six months ended 30 September 2022. It is mainly attributable to: (i) the decrease in the amount of sales revenue of garment business adversely caused by the slow recovery of major markets, the interest hike and the global instability had also affected sales performance; and (ii) the recognition of the share of losses of joint ventures in which the results were greatly impacted by the substantial drop in export market, increase in production costs and high material prices.