Fujikon Industrial Holdings Limited provided earnings guidance for the year ended March 31, 2014. For the year, the board's preliminary assessment, the revenue, gross profit margin and net profit margin of the group decreased as compared to those for the year ended March 31, 2013. The decline in the financial performance of the group was due to, mainly, the fluctuating global economy which has affected the consumer electronics industry negatively during the year; the increase in staff costs by approximately 5% as compared with last corresponding year, mainly as a result of the increase in the minimum wage requirement in the PRC; and stock provision of approximately HKD 20 million made for the year ended March 31, 2014, mainly due to flooding in Zhejiang Province in October 2013 and suspension of orders from certain customers of the Group.

It is expected that the profit attributable to equity holders of the company for the year ended March 31, 2014 would be adversely affected.