Code Agriculture (Holdings) Limited provided consolidated earnings guidance for the first quarter ended 30 June 2014. The group is expected to record a loss attributable to the owners of the company for the three months ended 30 June 2014 as compared with the profit of HKD 5.8 million in the corresponding period of 2013. The Board believes that the expected loss in the first quarterly results of the group was mainly due to significant decrease in revenue derived from the group's tobacco agriculture operation in the People's Republic of China as compared with the corresponding period in 2013.