AP Rentals Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 March 2023. For the year, the company expects to record a profit in the range of approximately HKD 12.3 million to approximately HKD 12.8 million for the year ended 31 March 2023 as compared to the loss of approximately HKD 4.5 million for the year ended 31 March 2022. The expected turnaround from loss for Fiscal year 2022 to profit for Fiscal year 2023 is mainly attributable to the net effect of: significant increase in revenues in FY2023 due to the fading out of the effects of the Covid-19 pandemic, which led to increase in demands for leasing equipment and related services of the Group in Hong Kong; the receiving of government subsidies from the governments of Hong Kong and Macau related to the Covid-19 pandemic in Fiscal year 2023, which represented the wage subsidies provided by the governments of Hong Kong and Macau for supporting the employment and helping business tide over financial difficulties due to the Covid-19 pandemic; increase in impairment losses under expected credit loss model recognised on lease receivables and trade receivables, net due to increase in expected global default risk, which might be caused by higher inflation rates, then may be followed by higher interest rates and expected slower economic growth globally; increase in impairment losses recognised on property, plant and equipment for those equipment with low utilization rate; and increase in wage for operators and increase in directors' remuneration and salary of staff in Fiscal year 2023 as compared to Fiscal year 2022 due to increase in income from equipment operating services and higher annual salary increment rate for the staff so as to keep abreast of the human resources market in Hong Kong.