KNT Holdings Limited provided unaudited consolidated earnings guidance for the six months ended 30 September 2023. The Group is expected to record a loss of approximately HKD 14.6 million for the six months ended 30 September 2023, as compared to a loss of approximately HKD 18.1 million for the six months ended 30 September 2022. Based on the information currently available, the expected decrease in loss was mainly attributable to the net effect of (i) the decrease in administrative expenses and selling and distribution expenses of the Group for the six months ended 30 September 2023 as compared with the corresponding period in 2022 due to cost control measures implemented in 2023; (ii) the decrease in impairment loss recognised in respect of property, plant and equipment; (iii) the decrease in gross profit; and (iv) the increase in share of losses of the associates.