Herald Holdings Limited provided group earnings guidance for the six months ended September 30, 2012. The Board of Directors of the company informed the shareholders of the company and potential investors that the group is expected to record a profit for the six months ended September 30, 2012 as compared to a loss for the corresponding period in 2011. Based on the information currently available, the Board considers that the turnaround is mainly due to the following factors: As a result of the rebound in global stock markets, the group recorded net realized and un-realized gains on trading securities for the six months ended 30 September 2012 versus net losses of HKD 25.9 million for the corresponding period in 2011.

Both the group's turnover and profit margin for the six months ended September 30, 2012 improved as compared to the corresponding period in 2011.