The board of directors of COL Capital Limited informed the shareholders of the company and potential investors that based on its preliminary review on the relevant unaudited consolidated management accounts of the group for the year ended 30 June 2014, it is expected to record a substantial profit attributable to shareholders for the year ended 30 June 2014 of between approximately HKD 840 million and approximately HKD 980 million as compared with a loss in 2013. The company considers that the substantial profit for the year ended 30 June 2014 was mainly due to (i) the gain in fair value of investments held for trading and derivative financial instruments, (ii) the net profit on disposal of available-for-sale investments and (iii) share of profits of associates amid rally in the financial markets because of an improved economic growth, low inflation and interest rates and the liquidity provided by the respective central banks. The substantial profit was partially offset by an impairment loss recognized on the Group's interest in an associate.