Emperor International Holdings Limited provided preliminary consolidated earnings guidance for the year ended March 31, 2014. For the period, the board expects the profit attributable to the owners of the group is significantly lower than that for the year ended 31 March 2014, which is mainly attributable to a significantly lesser gain on fair value arising from the revaluation of the investment properties of the group for the year as compared to that for the previous year; and the increase in the overall operating expenses and finance cost. However, the net gain on fair value adjustment is a non-cash item and will not have a direct impact on the cash flow of the group.

The board is of the opinion that the decrease in the revaluation gain will not have material adverse effect on the operation of the group.