Bingo Group Holdings Limited provided earnings guidance for the year ended 31 March 2014. The board of directors of the company reported the group's annual results are expected to record a loss for the year ended 31 March 2014 as compared to the profit recorded for the year ended 31 March 2013. The Board believes that the loss may be primarily due to (i) the Chinese language motion picture titled ‘Journey to the West: Conquering the Demons' released in China, Hong Kong and certain Asian regions during the first season of 2013, which generated gross revenue of approximately HKD 74 million in the last year, while the Company did not invest in the sector of film entertainment in a large scale during the year ended 31 March 2014; and (ii) impairment of certain intangible assets during the year ended 31 March 2014.