Neway Group Holdings Limited provided group earnings guidance for the year ended March 31, 2014. The group is expected to record a loss for the year ended 31 March 2014 as compared to a profit for the year ended 31 March 2013, mainly due to: the group recorded a net loss arising from change in fair value of held-for-trading investments of approximately HKD 2.0 million for 2014 (being the net amount of an unrealized loss of approximately HKD 5.0 million and a realized gain of approximately HKD 3.0 million). Such unrealised loss has no cash flow impact on the company.

The group recognised an impairment loss in respect of an available-for-sale investment in the Republic of Korea of approximately HKD 6.5 million in 2014 against HKD 10.24 million in 2013. In full year 2013, the group had one-off gain of approximately HKD 14.4 million from the disposal of a subsidiary of the company and reversal of allowance for bad and doubtful debts of approximately HKD 4.9 million. There were no such items in fiscal 2014.