Willas-Array Electronics (Holdings) Limited provides earnings guidance for the FY2024. For the year, the company expects to record a consolidated net loss of approximately in the range between HK$160.0 million to HK$190.0 million for FY2024 as compared to a consolidated net profit of approximately HK$2.7 million for the year ended March 31, 2023 ("FY2023"). The expected consolidated net loss for FY2024 was mainly attributable to: (i) a decline in sales revenue of the Group as a result of the weak demand, strong inflation and continuous interest rate increase in FY2024; (ii) a decrease in gross margin due to severe price competition in the overall electronic components market, which has exerted pressure on the product margin; (iii) an increase in stock provision made for the slow-moving inventories due to a slowdown of market demand in FY2024 as compared to FY2023 where there was reversal of allowance for inventory; (iv) net impairment losses recognised under expected credit loss on trade receivables in FY2024 as compared to FY2023 where there was reversal of impairment losses; and (v) an increase in finance costs mainly due to rising weighted average effective interest rate in FY2024 as compared to FY2023.