The board of directors of Interchina Holdings Company Limited informed the shareholders of the company and potential investors that, based on preliminary review on the management accounts of the company and its subsidiaries, the group is expected to record a profit for the six months ended 30 September 2013 as compared to a loss for the corresponding period in 2012. This is mainly attributable to (i) a gain recognised from the deemed disposal of its 7.47% equity interests in Heilongjiang Interchina Water Treatment Company Limited, an associate investment of the Group during such period; and (ii) the fair value gain in the investment properties of the Group.
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