The board of directors of Century Ginwa Retail Holdings Limited updated the shareholders of the company and potential investors that based on the latest unaudited consolidated management accounts, there was further decrease in profit for the year ended December 31, 2014 which was mainly attributed to the decrease in turnover to HKD 1,772.4 million compared to HKD 1,871.6 million in 2013; impairment losses on fixed assets of HKD 46.5 million; increase in net finance costs to HKD 146.2 million compared to HKD 58.9 million in 2013; and increase in income tax expense to HKD 134.7 million compared to HKD 115.7 million in 2013.