Tack Fiori International Group Limited provided earnings guidance for the full year ended March 31, 2013. For the year, the company expects to record a loss for the year ended 31 March 2013 as compared to profit for the year ended 31 March 2012. Based on the preliminary assessment of the Group's unaudited management accounts for the year ended 31 March 2013 and information currently available to the Board, to the best of the Directors' knowledge, the expected loss was mainly attributable to (i) the absence of non-recurring gain on debt restructuring and deconsolidation of subsidiaries recorded in previous correspondence year ended 31 March 2012; (ii) reduction in the recorded sales of the Group's apparel retail business in PRC as a result of downturn in the retail market of PRC; (iii) the fair value change of investment held for trading; and (iv) the share-based payment expenses for share options granted during the year.