Xpress Group Limited board of directors announced that the Group is expected to record a substantial decrease in loss or even a profit for the year ended March 31, 2013 as compared to a loss for the year ended March 31, 2012. The Board considers that this is principally attributable to the gain on disposal/deemed disposal of the Group's entire equity interests in SingHaiyi Group Ltd, a write-back of tax provisions, the unrealized fair value gains on investment in the listed securities, the net gains from sales of its investment in securities at fair value and the unrealized fair value gain on revaluation of investment properties held.