The Board of Carnival Group International Holdings Limited informed the shareholders and potential investors that, based on the preliminary review of the management accounts of the group and the information currently available to the board, the group is expected to record a net profit attributable to shareholders for the six months ended 30 June 2014 as compared with a net loss attributable to shareholders of approximately HKD 164.8 million for the six months ended 30 June 2013 mainly due to increase in revenue from sale of properties (approximately HKD 860 million); decrease in finance cost (approximately HKD 58 million) which is mainly arising from the decrease in imputed finance cost on convertible notes; and decrease in selling and administrative expenses (approximately HKD 32 million) which is mainly arising from the decrease in provision of sales contracts costs for the six months ended 30 June 2014.