Telecom Service One Holdings Limited provided group earnings guidance for the year ending 31 March 2023. For the year, the group is expected to record a loss for the year of not more than HKD 7.9 million (2022: loss approximately HKD 1.0 million). The loss increase was mainly attributable to the combined effect of the following factors, decrease in gross profit; increase in impairment loss on property, plant and equipment and investment property; and decrease in loss on changes in fair value of financial assets at fair value through profit or loss.