Time Watch Investments Limited provided earnings guidance for the year ended June 30, 2014. The profit of the group for the 2014 financial year is expected to record an increase of at least 40% as compared to that of the financial year ended 30 June 2013. Based on the information available to the company immediately preceding the release of this announcement, the board believes that such increase in profit for the 2014 Financial Year was mainly attributable to the substantial growth in revenue of the group (including contribution from the e-commerce business), increase in gross profit margin and non-occurrence of the one-off listing expenses incurred in the financial year ended June 30, 2013.
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