Flying Financial Service Holdings Limited announced that based on the preliminary assessment on the unaudited consolidated management accounts of the group for the six months ended 30 June 2012, the company expects consolidated net profit for the six months ended 30 June 2012 is to decrease significantly as compared to that for the six months ended 30 June 2011. While revenue of the Group for the six months ended 30 June 2012 was largely comparable to that for the six months ended 30 June 2011. The factors attributable to the significant increase in (i) the employee benefit expenses as a result of the increase in directors' remuneration and other staff salaries; and (ii) the administrative expenses of the Group which include, among others, (a) expenses incurred in connection with the listing of the company, which are non-recurring in nature, to be charged to the group's profit and loss account upon of the completion of the listing on 7 May 2012; and (b) increase in office rental in connection with the Group's expansion plan.