According to the Zhitong Finance App, Li Jiande Group (08455) announced that the group is expected to achieve a net loss of about HK$11 million to about HK$13 million for the year ending March 31, 2023, while the net loss for the corresponding period in 2022 is about HK$3.6 million.

According to the announcement, the net loss was mainly due to the continued unfavorable and competitive market environment during the period, which led to a decrease in revenue and gross margin from the projects undertaken by the Group.