The board of directors of Karrie International Holdings Ltd. announced to shareholders of the company and potential investors that, based on the information currently available to the Board and subject to finalisation of audit, it is expected that the company and its subsidiaries will record a substantial increase in the profit from its manufacturing business for the financial year ended March 31, 2013 as compared to that for the last financial year ended March 31, 2012. Unlike the last financial year where the Group recorded an extraordinary gain on the disposal of property, the Group will not have any similar extraordinary gain and expects to incur a loss in its consumer and services business for the current financial year, given that the C&S Business is still in the development stage. Nonetheless, as a result of the substantial increase in the profit from the Manufacturing Business, the Group expects that after netting off the loss in the C&S Business, it will record a modest growth in the net profit attributable to owners of the company for the current financial year as compared to that for the last financial year.