The board of directors of GR Properties Limited announced that based on the management's preliminary assessment of the Group's unaudited consolidated management accounts, the Group is expected to record a loss attributable to Shareholders for the six months ended 30 June 2015 as compared to the profit attributable to Shareholders for the five months ended 30 June 2014. The Board believes that the loss for the period is mainly due to the recognition of loss from a fair value adjustment of investment properties, which is a non-cash item and no material adverse effect on the Group's cash flows is expected.