Shun Cheong Holdings Limited announced that the Group is expected to record a loss for the year ended March 31, 2013. Such expected loss was mainly attributable to, among other things, the reduction of hotel revenue and increase in costs of sales, administrative and other operating expenses and finance costs during the year ended March 31, 2013. As the Company is still in the process of finalising the annual results of the Group for the year ended March 31, 2013, the information is only based on the company's preliminary review of the consolidated management financial statements of the Group, which have not been reviewed or audited by the company's auditors.