Vision Fame International Holding Limited provided consolidated earnings guidance for the year ended March 31, 2014. For the year, the company expected to record a significant loss for the year ended March 31, 2014 as compared to a profit for the corresponding period in 2013. The main reasons of the decrease are: a number of sizable projects in alteration, renovation, upgrading and fitting-out works in Hong Kong with higher gross profit margin were substantially completed during the year ended March 31, 2013, the progress of several projects in Hong Kong and Singapore were still at an early stage, therefore revenue and gross profit from such projects were not reflected in the unaudited management consolidated accounts of the Group for the year ended March 31, 2014, significant increases in construction costs including materials, staff and labour cost in building construction projects in both Hong Kong and Singapore were recorded during the year ended March 31, 2014 as compared to the year ended 31 March 2013, and share of profit from an associated company was recorded during the year ended March 31, 2013 while no such profit was available during the year ended March 31, 2014.