A.plus Group Holdings Limited (01841.HK) announced that the company's attributable profit for the year ending March 31, 2024 is expected to decrease significantly by no less than 50% compared to the previous year, with a reduction of about HKD 20,000,000.

The main reason for the reduction is (1) a decrease in the combined income of the business performance disclosure and financial report distribution and fund document distribution by no less than HKD 3,400,000; (2) the government subsidies received for employment protection and the fight against the COVID-19 pandemic in the current year were about HKD 2,100,000 less than those received in the previous year under the Employment Protection Plan; and (3) a decrease in the reversal of trade accounts receivable impairment losses by about HKD 6,200,000.