The board of Yongnam Holdings Limited provided preliminary review of the unaudited financial results of the company and its subsidiaries for third quarter of fiscal year of 2013. For the quarter, the company is expected to record an operating loss, notwithstanding a healthy increase in revenue. This is mainly due to two factors: Cost overruns from three on-going projects which pared operating margin to new lows and a significant non-recurring one-off loss on disposal of some fixed assets that eroded the already thin bottom-line profit for the quarter.

For the fiscal year of 2013. For the year the group is expected to report a net profit, though it is expected to be significantly lower than that of fiscal year of 2012.