Sterling Group Holdings Limited provided consolidated earnings guidance for the year ended March 31, 2023. The company earnings before interest, tax, depreciation and provision for estimated credit loss (the earnings) for the year ended 31 March 2023 is expected to be in the range from HKD 35 million to HKD 40 million, as compared with approximately HKD 9.6 million for the year ended 31 March 2022. The improvement in the group's Earnings was primarily a result of an increase in sales of the Group to approximately HKD 625 million for the year ended 31 March 2023 as compared to approximately HKD 456 million for the year ended 31 March 2022; and improved operating margin at the Company's factories in Sri Lanka and China and a decrease in overheads in the Hong Kong office notwithstanding an increase in sales of approximately 37%.