Tungtex (Holdings) Company Limited provided unaudited consolidated earnings guidance for the financial year ended 31 March 2023. For the year, the company expects profit attributable to the owners of the Company of not less than HKD 17.0 million for the Year, as compared to a loss attributable to the owners of the Company of approximately HKD 26.1 million in the last financial year ended 31 March 2022 (the "Last Year"). The turnaround from loss to profit is mainly attributable to the significant increase in revenue and gross profit as compared to those of the Last Year, coupled with the total amount of the overall selling and distribution costs, administrative expenses and finance costs was maintained at a level similar to that of the Last Year
notwithstanding the significant increase in sales revenue.