The board of directors of UKF (Holdings) Limited announced that based on the preliminary review by the company's management on the unaudited consolidated management accounts, the group is expected to record a net loss for the three months ended March 31, 2015 (fourth quarter) as compared to the net profit for the corresponding period in 2014. Based on the information currently available, the Board considers that such loss in the fourth quarter was mainly attributable to the foreign exchange loss against with Danish Kroner, change in fair value loss on the biological assets and decrease in turnover in fur trading segment during the fourth quarter.

However, it is expected that the net profit for the year ended March 31, 2015 would slightly increase compared to that of the year ended March 31, 2014 insofar as the group's annual results are concerned.