Sincere Watch (Hong Kong) Limited announced that based on the preliminary review of the unaudited management accounts of the group for the year ended 31 March 2013, the revenue and the net profit of the group for the year ended 31 March 2013 are expected to decrease as compared to those for the financial year ended 31 March 2012, mainly attributable to the slowdown in the luxury retail markets for fine watches during the review year.