Richfield Group Holdings Limited provided consolidated earnings guidance for the six months ending December 31, 2013 and full year ending June 30, 2014. The company expects the interim result to record an unaudited profit, as compared to a loss for the six months ended December 31, 2012. The expected profit is mainly attributed to the increase in consultancy fee income received by the Group following the completion of two property assembly projects and the exchange gain recognized for the appreciation of the sterling pound for the six months ended 31 December 2013.

Despite the improved result for the six months ended 31 December 2013 in comparison with the corresponding period in 2012, the Board is of the view that the financial performance of the group is still affected by the sluggish property market transactions for the property assembly and brokerage business sector in Hong Kong, so that it is uncertain if the group can maintain its profitability for the year ending June 30, 2014.