The Board of Midland Holdings Ltd. announced that the company expects to record a consolidated net loss for the second half of 2013. It is currently estimated to be approximately similar to the first half of 2013 dependent on the group's performance for December 2013. It should also be recognized that the uncertainties in the market conditions and other contingencies may affect the current estimation of the loss of the group of 2013.

Overall, whilst the 2013 financial year is yet to end, the company expects to record a consolidated net loss for the full year ending December 31, 2013 as compared to the audited consolidated net profit of approximately HKD 297.7 million for the year ended December 31, 2012.