Kwong Man Kee (08023) announced that compared with the comprehensive surplus for the company's shareholders for the same period in 2023, the group expects the comprehensive surplus for the company's shareholders for the year ending on March 31, 2024 to decrease by about 5.5 million Hong Kong dollars, or about 29%.

The board of directors believes that the expected decline in the comprehensive surplus for the company's shareholders for the year ending on March 31, 2024 is mainly due to a decrease in the number of projects with large contract values undertaken by the group, as well as some property developers postponing and delaying some contracts, resulting in a overall decrease in revenue; subsidies provided by the Hong Kong Special Administrative Region Government and the Macau Special Administrative Region Government respectively under the 2022 Employment Support Scheme and the 2019 Novel Coronavirus Disease Relief Measure have stopped; and the impairment loss on investments in joint ventures is recognized in the comprehensive loss for the current year.