Longrun Tea Group Company Limited announced that based on information currently available to the company, the board estimates that the group is likely to record a substantial decline in consolidated profit for the year ended 31 March 2013 as compared to the consolidated profit of approximately HKD 32.6 million for the year ended 31 March 2012. The expected results were mainly attributable to (1) the decrease in the group's revenue affected mainly by the continued downturn of the domestic economy of The People's Republic of China; and (2) the increase in the group's selling and distribution expenses. Such factors also affected the unaudited consolidated results of the group for the six months ended 30 September 2012 which recorded a loss of approximately HKD 7.6 million.