The board of directors of I.T Limited announced an update to the shareholders of the company and potential investors that the Board had reviewed the draft consolidated financial statements of the Group for the year ended February 28, 2014. Even though the profit of the Group for the year ended February 28, 2014 is expected to outweigh the market consensus, it is expected to record a decline in profit as compared to the year ended February 28, 2013. Slower sales growth resulting from a slowdown in the apparel retailing markets across the Group's key operating regions alongside the downward pressure on profitability driven by surging operating costs are still the key factors to the expected decline in the Group's business performance for the year ended February 28, 2014.