Allied Overseas Limited announced that based on the preliminary review of the unaudited management accounts of the Group, it is expected that the Group will experience a significant increase in its net profit for the six months ended June 30, 2012 as compared with the corresponding period for the six months ended June 30, 2011. Based on the information currently available to the company, the Board considers that such increase is primarily attributable to an increase in fair value gain on the Group's financial assets at fair value through profit or loss and the interest income in the period for the six months ended June 30, 2012.