Gemdale Properties and Investment Corporation Limited announced that based on a preliminary assessment of the unaudited consolidated management account of the Group for the six months ended June 30, 2014, the Group is expected to record a loss attributable to owners of the company as compared to the unaudited net profit attributable to owners of the company of approximately HKD 251 million for the six months ended June 30, 2013. Such loss was mainly due to the absence of a one-off provision written back made in the six months period ended June 30, 2013 amounting to approximately HKD 262 million and over 90% of the contracted sales recorded by the Group so far has not been recognized as sales revenue in the current period ended June 30, 2014.