According to the Zhitong Finance App, Clear Healthcare (01406) announced that the company is expected to achieve pre-tax losses of approximately HK$4.9 million to HK$5.4 million for the year ending March 31, 2023, and adjusted profit before tax of HK$37.2 million for the same period in 2022.

According to the announcement, the expected shift from profit to loss is mainly due to a decrease in expected earnings and an increase in administrative expenses. Due to the economic downturn and increased competition from other industry players, the Group adopted a more competitive pricing strategy for the year ending March 31, 2023, which affected the Group's earnings. On the other hand, the increase in administrative expenses is mainly due to increased consultancy fees and staff costs to support the Group's business expansion and maintain the Group's competitiveness.