GA Holdings Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company's revenue was HKD 82,990,000 compared to HKD 103,153,000 a year ago. The decrease was mainly contributed by the decrease in the segment in sales of motor vehicles and technical fee income, despite there was an increase in the segment in servicing of motor vehicles and sales of auto parts. Profit from operating activities was HKD 15,981,000 compared to HKD 23,878,000 a year ago. Profit before income tax was HKD 14,210,000 compared to HKD 20,552,000 a year ago. Profit was HKD 9,423,000 compared to HKD 21,375,000 a year ago. Profit for the period attributed to owners of the company was HKD 9,881,000 or 2.07 cents per diluted share compared to HKD 21,375,000 or 4.49 cents per diluted share a year ago. The decrease was mainly due to the decreased revenue generated from the segment of sales of motor vehicles, as well as the increase in other expenses during the current period.

Though the recent deterioration in foreign currencies may have some short term impact to the group, the Board is confident that the car sales from the new dealership will benefit the group results in the coming quarters of 2014. Together with continuous demand in after-sales services and support, the group result is expected to be prudently optimistic in 2014.