Kith Holdings Limited provided earnings guidance for the year ended 31 December 2014. For the period, the company expected to report a profit as compared with a loss for the year ended 31 December 2013. The turnaround to profitability of the Group's result is primarily attributable to the combined effects of one-off loss incurred in the Year 2013 attributable to the disposal of an associate and discontinued business; and the one-off gain from deconsolidation of the financial results and position as a results of winding up of certain subsidiaries of the Group in the Year 201; and the significant reduction in impairment loss on various assets in the Year.
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