Easyknit International Holdings Limited provided group earnings guidance for the six months ended September 30, 2013. For the period, the Group is expected to report a significant decrease in profit as compared with the corresponding period in 2012. The decrease in profit was mainly attributable to the significant decrease in gain arising on changes in fair value of the investment properties; the decrease in gain on disposal of properties held for development for sale; and net loss on deemed disposal of Easyknit Enterprises Holdings Limited, a subsidiary of the company, in late September 2013.

Despite the decline in profit for the six months ended 30 September 2013, the Board considers that the overall operating and financial position of the Group remains sound and solid and the Board remains positive on the long term prospect of the Group.