SCUD Group Limited provided group earnings guidance for the first half ended June 30, 2014. Taking into account the number of one-off impairment items in the corresponding period in 2013 (such as the writing off of bad debts and product refunds for the Group's own-brand business), the turning around of the loss making own-brand business in first half of 2013 to profit making for the first half of 2014 and the much stronger contribution of sales revenue from the significant growth of the group's ODM business, the company expects that the profit of the group will be significantly higher than that as compared with the corresponding period in 2013. The amount of consolidated revenue of the group for the six months ended June 30, 2014 is expected to increase by approximately 30% to 35%, whereas the amount of revenue attributable to the ODM business segment is expected to increase significantly by approximately 45% to 50% driven by the rapid increase of ODM product sales of the group and the rapidly expanding domestic branded smartphone and tablet products.

Based on a preliminary assessment only (which is subject to finalisation), the company expects the group's net profit for the six months ended June 30, 2014 to be at least 4 times that of the corresponding period for 2013.