Pan Asia Environmental Protection Group Limited is expected to record profit for the year ended December 31, 2014 as compared with the loss recorded for the year ended 31 December 2013. Based on the information available to the company immediately preceding the release of this announcement, the board believes that the profit was mainly attributable to the substantial growth in revenue generated from the wood wool cement board business and an improvement in the gross profit margin generated from the sales of environmental protection products and equipment of the Group.