The board of directors of Global Tech (Holdings) Limited announced that the group is expected to record a net loss for the year ended 30 September, 2014 as compared to a net profit for the corresponding year ended 30 September, 2013, because the profit made last year was mainly attributable to the written back of provision for taxation previously made by the group which was a one-off gain for the year ended 30 September, 2013 and is no longer applicable to the group for the year ended 30th September, 2014.