Applied Development Holdings Limited. provided consolidated earnings guidance for the six-month interim period ended December 31, 2013. The board announced that the shareholders of the company and potential investors that the company expects loss as compared to a consolidated profit of approximately HKD 1.5 million for the corresponding six-month interim period ended December 31, 2012, mainly due to decrease in other income (compared to approximately HKD 1.34 million other income recorded for the 2012 Interim Period); no increase in fair value of investment properties (compared to approximately HKD 5.27 million net increase in fair value of investment properties reported for the 2012 Interim Period) and an increase in administration expenses due to additional corporate exercises undertaken during the 2013 interim period.