The board of directors of China Culiangwang Beverages Holdings Limited announced that the group is expected to record a consolidated net profit for the six months ended October 31, 2014 as compared to a consolidated net loss for the six months ended October 31, 2013. The group's expected profit position for the current period is mainly attributable to increase in gross profit margin; an one-off impairment loss of approximately RMB 46 million in respect of property, plant and equipment due to the disposal of a subsidiary of the company was recognized in the previous period whereas no such impairment loss was recognized in the current period; and decrease in finance cost during the current period.