Dowell Property Holdings Limited provided earnings guidance for the year ended December 31, 2013. For the nine months ended December 31, 2012, the group recorded a one-off gain on disposal of coal mining project and relatively large fair value gain of investment property. Due to the absence of these exceptional gains, the group expects to record a significant decrease in the profit before tax for the year ended December 31, 2013 as compared to that for the nine months ended 31 December 2012.

The Board considers that the Group's overall operation remains sound, and financial position remains healthy.