Buildmore International Limited provided group earnings guidance for the period ended July 31, 2013. The board of directors of the company announced that based on the management's preliminary assessment of the management accounts, the Group is expected to record a loss for the period ended 31 July 2013 as compared to a profit for the period ended 31 July 2012. The loss for the period is mainly due to recognition of a loss on change in fair value of derivatives embedded in convertible bonds in current period.

The Board point out that this is a non-cash item and material adverse effect to the Group's cash flows is not expected.