According to the announcement released by Sterling GP (01825), the group is expected to incur a net loss of approximately HKD 16-20 million for the year ending March 31, 2024.

The group is expected to incur a net loss in that year mainly due to an expected credit loss of no less than HKD 25 million from TriTech Global Asset Management Limited, JP Outfitters Inc., and another customer of the Group in the United States, as well as a decrease in revenue and an increase in financing costs due to higher interest rates in that year. Without the expected credit loss provision (not less than HKD 25 million), the group is expected to achieve a net profit of approximately HKD 5-9 million for the year.