The board of directors of Automated Systems Holdings Limited announced that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2017 and the information currently available to the Company, the Group is expected to record an increase of more than 15% in revenue and a significant increase of more than 60% in gross profit for the six months ended 30 June 2017 as compared with those for the corresponding period last year. The Board believes that the expected increases in the revenue and gross profit of the Group are mainly attributable to the revenue and gross profit of Grid Dynamics for the period from 7 April 2017 to 30 June 2017 consolidated into the consolidated financial statements of the Group for the six months ended 30th June 2017. Despite the Group's overall normal business performance being encouraging and financial position remaining solid for the six months ended 30 June 2017, the Group is expected that the profit for the six months ended 30th June 2017 was similar to that for the corresponding period last year, which is mainly attributable to the one-off professional fees and the finance costs incurred for the Acquisition.