Kowloon Development Company Limited announced that based on the preliminary review of the group's currently available unaudited consolidated management accounts for the 11 months ended 30 November 2013 and the information available for the time being, the group expects to record a significant decrease in the consolidated profit attributable to the shareholders of the company for the year ended 31 December 2013 as compared to that for the year ended 31 December 2012, mainly attributable to (1) the delay in selling schedule of certain of the company's property development projects, in particular, MacPherson Place located in Mongkok, Kowloon, which was planned to be sold in 2013 and is now expected to be sold in 2014 and the temporary suspension of normal crude oil production in Kazakhstan.