The board of directors of the United Photovoltaics Group Limited announced that the group is expected to record a profit after income tax of not less than HKD 360 million for the six months ended June 30, 2014 as compared to the restated loss for the corresponding period in 2013 of approximately HKD 1,012 million. The improvement in the group's results was mainly attributable to the increase in the generation of electricity and the gains from revaluation of certain financial instruments which are non-cash in nature.