The board of directors of Coastal Greenland Limited informed the shareholders and potential investors of the company that based on the preliminary review of the unaudited management accounts of the group, it is anticipated that the group may record a substantial decrease in consolidated profit, or a possible consolidated loss, subject to the review by the company's auditor, for the six months ended 30 September 2013 as compared to a consolidated profit for the six months ended 30 September 2012. The decrease in consolidated profit was primarily attributable to the decrease in the gross profit margin as a result of lower selling price attained for the properties completed and delivered to purchasers by the group during the six months ended 30 September 2013.