Madex International Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2013. Based on the preliminary review of the unaudited consolidated management accounts of the group, the board of directors of the company expected to record a loss for the year ended 31 December 2013, as compared to a profit for the corresponding period in 2012. Based on the information currently available, the board considers that the loss was mainly attributable to a valuation loss arising from the valuation of investment properties.