Sitoy Group Holdings Limited provided earnings guidance for the year ended 30 June 2023. The Group is expecting to record a profit attributable to the owners of the Company for the year ended 30 June 2023 of not less than HKD 200,000,000, representing a growth of not less than 79.2%, as compared to a profit attributable to owners of the Company of approximately HKD 111,629,000 for the corresponding period in 2022. The expected increase in net profit is mainly due to 1) an increase in the Group's profit margin from manufacturing business due to the depreciation of Renminbi against United States Dollar and 2) the completion of the disposal of a loss-making business.