Wah Sun Handbags International Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 March 2024. For the year, the company expects the Group will record net profit attributable to owners of the Company within the range from approximately HKD 26 million to HKD 30 million for the Reporting Year as compared to the net profit attributable to owners of the Company of approximately HKD 8 million recorded for the year ended 31 March 2023 (the "Previous Year"). The increase in the net profit attributable to owners of the Company for the Reporting Year as compared to the Previous Year was mainly attributable to the following factors: the increase in revenue by approximately HKD 147 million to approximately HKD 594 million for the Reporting Year from approximately HKD 447 million for the Previous Year, representing an increase of approximately 33%.

This was mainly attributable to the continuing market recovery after the novel coronavirus disease in North America, the largest market of products, which resulted in a renewed sense of optimism and consumer confidence, leading to increased spending and demand for products; and the increase in gross profit and gross profit margin led by the increase in revenue as a result of the increase in the quantity of goods sold by the Group and the continuing implementation of certain stringent cost control measures which successfully reduced the base production operating costs of the Group.