The board of directors of Powerwell Pacific Holdings Limited informed the shareholders and potential investors of the company that based on the preliminary review of the unaudited management accounts of the group for the eleven months ended 30 November 2012, the group's net profit for the financial year ending 31 December 2012 is expected to decline as compared to the corresponding period in 2011 due to the decrease in sales of the group as a result of its major customers having postponed the delivery of products from November and December of the year 2012 to early 2013.