Golden Ponder Holdings Limited provided earnings guidance for the year ended 31 March 2023. For the year, the Group anticipated to record a net loss for the year ranging from approximately HKD 37.0 million to HKD 40.0 million for the Relevant Period as compared to a net loss of approximately HKD 19.4 million for the year ended 31 March 2022. The Board considers that the increase in net loss was primarily attributable to the combined effect of the following: a substantial decrease in revenue recognised by the Group for the Relevant Period due to the existing projects were at their completion stage and only one newly awarded project for superstructure building works which was still at its preliminary stage; and a significant increase in administrative and other expenses during the Relevant Period primarily due to the increase in depreciation on property, plant and equipment and right-of-use assets, and the increase in salary, mandatory provident fund and directors' remuneration.