The board of directors of Singamas Container Holdings Limited announced shareholders of the company and potential investors that based on preliminary assessment of the unaudited consolidated management accounts of the Group and information currently available to the Board, the Group is expected to report a significant decline in profit which may or may not result in loss for the financial year ending 31 December 2015, compare to the consolidated net profit of USD 28,021,000 attributable to owners of the company for the financial year ended 31 December 2014. The significant decline in the Group's performance for the financial year ending 31 December 2015 is primarily attributable to the decline in the Group's turnover and gross profit margin due to the recent downturn of the macro economy.