Kori Holdings Limited provided earnings guidance for the financial year ended December 31, 2014. The board advises that, following a preliminary review of the draft management accounts of the Group for financial year 2014, the Group is expected to record a significant reduction in profit as compared to the financial results of the Group for the financial year ended December 31, 2013. The reduction in the Group's profit for financial year 2014 is due mainly to the following reasons.

A decline in revenue as:- a substantial amount of work for existing contracts was done in financial year 2013 as compared to financial year 2014; a few newly awarded contracts that have started work in financial year 2014 are of smaller contract sums; and The major contracts awarded in late financial year 2014 will only commence work in the early part of 2015. An increase in expenditures due to additional expenses incurred in relation to the acquisition of Fuchiang Construction Pte. Ltd.