Glorious Property Holdings Limited provided earnings guidance for the full year ended 31 December 2013. The consolidated net profit of the Group for the year ended 31 December 2013 is expected to show a significant decrease as compared with 2012. The decrease was primarily attributable to the lower consolidated gross profit margin as a result of the change of the product mix and geographical distribution of the projects delivered during the year, the decrease of the fair value gains of the investment properties, and provision for impairment losses of the remaining units of certain property projects.