The board of directors of FlexSystem Holdings Limited announced that based on the preliminary review of the unaudited management accounts of the company and its subsidiaries, it is expected that the annual results of the Group for the year ended 31 March 2012 will record a profit as compared to a loss recorded in the corresponding period in 2011. The expected profit in the financial results of the Company for the year ended 31 March 2012 was mainly attributable to a gain on the disposal of subsidiaries as disclosed in a circular of the Company dated 16 March 2011.