Sang Hing Holdings (International) Limited provided consolidated earnings guidance for the year ended March 31, 2023. For the period, the group is expected to record a net loss of approximately HKD 9 million for the fiscal year 2023 as compared to a net profit of approximately HKD 12 million for the year ended 31 March 2022 (fiscal year 2022). The loss for fiscal year 2023 is mainly attributable to the decrease in revenue from civil engineering works by approximately 24% as the work progress of two projects was substantially completed in the second half of fiscal year 2023 and two projects was completed/substantially completed in fiscal year 2022; and the decrease in gross profit margin due to increase in fuel costs, raw materials, direct wages and subcontracting costs driven by shortage of labour and supply, plus increase in maintenance or warranty works resulting from the three substantially completed projects.