The board of directors of Cosmos Machinery Enterprises Limited announced that, based on a preliminary review of the unaudited consolidated management account of the Group for the financial year ended 31 December 2017 and the information currently available to the Board, the Group is expected to record a profit attributable to equity holders of the company for the year ended 31 December 2017 as compared with the net loss for the year ended 31 December 2016. The expected profit attributable to equity holders of the company for the year ended 31 December 2017 is principally attributable to: no expenses incurred for the year ended 31 December 2017 with respect to the onging restructuring exercise of the plastic products and processing segment and the machinery manufacturing segment, as compared to an approximate amount of HKD 135 million incurred for the year ended 31 December 2016; a non-recurring item with amount of approximately HKD 31 million reversed as income for the year ended 31 December 2017, after considering the progress of the abovementioned restructuring exercise; improvement in the business performance of the Group's machinery manufacturing segment during the year ended 31 December 2017; and decrease in unit production cost through the increased utilisation of idle production capacities of the Group.