Man Sang International Ltd. provided consolidated earnings guidance for the year ended March 31, 2015. The board of directors of the company announced that based on the preliminary review of the unaudited consolidated management accounts of the group, it is expected that the group would record a substantial decrease in profit attributable to the equity holders of the company for the financial year ended 31 March 2015 as compared to the corresponding financial year of 2014, which was principally due to (1) a comparatively lower increment in fair values of investment properties and investment properties under construction of approximately HKD 28.7 million during the year in contrast to HKD 81.0 million in 2014, before taking into consideration the related tax effect; (2) the incurrence of listing expenses of approximately HKD 23.4 million in relation to the spin-off and separate listing of the group's pearls and jewellery business; and (3) the discontinuation of the pearls and jewellery business of the group since October 2014 upon completion of the Spin-off, where the segment profit of the pearls and jewellery business in the corresponding period from October 2013 to March 2014 was approximately HKD 16.1 million.