Herald Holdings Limited provided group earnings guidance for the six months ended 31 March 2013. The Board of the Company and potential investors that it is expected that the results of the group for the six months ended 31 March 2013 may experience a significant decline as compared to the same period ended 31 March 2012. Based on the information currently available, the Board considers that the decrease is mainly attributable to the drop in both sales volume and profit margin of the Toys Division for the six months ended 31 March 2013 amid stiff competition among toy manufacturers and rising costs of production.

Despite the unfavorable results in the second half of the fiscal year, the group is still expected to record a profit for the year ended 31 March 2013.