According to the unaudited comprehensive management accounts and information currently available to the board of directors as at the end of March 2024, Asia Express Logistics (08620.HK) announced that the group is expected to record a loss of approximately HKD 4 million to HKD 6 million for the year, and a loss of approximately HKD 20.2 million for the year ended December 31, 2023.

The expected decrease in annual loss is mainly due to (i) the increase in revenue generated by providing warehousing and other value-added services; and (ii) the effect of the group's comprehensive budget management and effective cost control.