The board of directors of FIH Mobile Limited informed the shareholders of the company and potential investors that based on a preliminary review of the unaudited management accounts of the group and other information currently available, it expects the consolidated final results of the group for the year ended 31 December 2015 to record a consolidated net profit, which is expected to range from USD 215,000,000 to USD 235,000,000, when compared to the group's consolidated net profit of USD 169,307,000 for the year ended 31 December 2014, representing an increase by approximately USD 45,693,000 (27%) to USD 65,693,000 (39%). The Board understands that the expected consolidated net profit of the group for the year ended 31 December 2015 is primarily attributable to the reduction of the group's effective income tax rate (which rate is expected to be approximately 22% as compared to approximately 37% for the year ended 31 December 2014), mainly due to the utilisation of some of the group's accumulated tax losses triggered by the group's management actions (including operation turn-around of some of the group's manufacturing sites, and introduction of new business into previously loss-making entities); less impairment loss incurred by the Group in respect of its property, plant and equipment (which loss is expected to be less than USD 3,000,000, representing a decrease by more than 91% as compared to USD 34,932,000 for the year ended 31 December 2014), mainly due to the relocation, restructuring and consolidation of some of the group's manufacturing sites; and (3) the reduction in the group's operating expenses (which reduction is expected to be approximately USD 35,000,000, representing a decrease by approximately 10% as compared to USD 356,217,000 for the year ended 31 December 2014), mainly due to the group's tighter cost control.