The board of directors of Tern Properties Company Limited announced to the shareholders of the company and potential investors that the Group is expected to record a profit for the six months ended September 30, 2012 as compared to a loss for the six months ended September 30, 2011. Such profit was mainly attributable to the unrealised gain due to the change in fair value of the Group's financial assets held for trading under the current economic conditions. The Group's principal business of holding investment properties for rental income and the Group's cash flow have not been affected by the unrealized gain.