Kerry Properties Ltd. provided consolidated earnings guidance for the year ended December 31, 2013. For the year, the company is expected that the a significant increase in net profit as compared to that of the last year. This expected significant increase in net profit is primarily attributable to, among other things, the increase in fair value of investment properties of the group and the gains from the spin-off of Kerry Logistics Network Limited, which is an associate of the company as at the date of this announcement.

The gains from the spin-off of KLN mostly represented the fair value, with reference to the listing price, over carrying book value of the KLN's shares distributed to qualified shareholders and the retained interest of KLN held by the company as investment in associates.