Honbridge Holdings Limited provided earnings guidance for the period ended 31 March 2014. Based on a preliminary assessment on the existing unaudited management accounts and the information currently available, the group is expected to record a significant decrease in profit for the period ended 31 March 2014 as compared to the profit recorded for the period ended 31 March 2013. The significant decrease in profit was mainly attributable to the bargain purchase gain arise from the acquisition of 99.99% interest in Brazil iron ore company Sul Americana de Metais S.A. on 28 March 2013 while no such gain has occurred during the current period.