The board of directors of the C Y Foundation Group Limited announced that the group is expected to record a net consolidated loss for the six month ended 30 September 2014 as compared to the profit for the same period in 2013. The board considers that the deterioration in the performance of the group is mainly attributable to: net loss from the electronic gaming business, which was due to the depreciation and amortization of initial investment costs; increase in finance cost due to the imputed interest of the convertible notes; share-based payments arising from share options granted to employees of the group and directors of the company during the Period; and the absence of two items of one-off income from non-operating activities for the same period in 2013, namely, approximate HKD 8.3 million being the gain realized from the disposal of the entire equity interest in Expert Global Investments Limited, and approximate HKD 11.7 million being the collection of the settlement sum in relation to the entering into the deed of settlement between Lucky Zone Holdings Limited, and Mr. Leung Ching Yuen Ronald. Notwithstanding the above, the group is expected to record positive earnings before interest, tax, depreciation and amortization from its operational activities during the period.