Easyknit Enterprises Holdings Limited provided earnings guidance for the year ended March 31, 2013. For the year, the company expected to report a turn from loss to profit as compared to the year ended March 31, 2012. Such improvement in results was mainly attributable to, among other things, profit arising on discontinued operations related to the deregistration of 2 subsidiaries in the PRC, the turn from loss to gain on held-for-trading investments and no further impairment losses recognized on goodwill and intangible assets in the garment sourcing and exporting businesses as compared to the year ended March 31, 2012.