The board of directors of Crown International Corporation Limited informed the shareholders of the company and potential investors that based on the latest unaudited consolidated management accounts of the Group for the year ended 31 March 2015, it is expected that the Group would record a profit for the year ended 31 March 2015 as compared to the loss for the previous financial year. The turnaround was mainly attributable to the waiver of partial amount due to VXL Capital Partners Corporation Limited, the former ultimate holding company of the Group and the gain on disposal of subsidiaries recognized during the year.