The board of Coastal Greenland Limited announced that it is expected that the group will record a consolidated loss for the six months ended 30 September 2014 as compared to a consolidated profit for the six months ended 30 September 2013. Such consolidated loss is mainly attributable to a decrease in the gross profit of HKD 230,000,000 as result of the decrease in gross profit margin and the gross floor area of properties completed and delivered to purchasers by the group during the six months ended 30 September 2014.