Phoenitron Holdings Limited provided earnings guidance for the nine months ended September 30, 2014. For the period, the group is expected to record a profit as compared with the loss recorded by the group for the corresponding period in 2013. This positive profit alert announcement is only based on the preliminary review on the management accounts of the group, which has not been reviewed nor confirmed by the company's auditors.

The group considered that the expected profit is mainly attributable to increase in income interest derived from the joint ventures; and increase in gross profit from the group's smartcard business due to the substantial increase in revenue for its nine-month period ended September 30, 2014 as compared to the corresponding period in 2013.