The board of directors of Bingo Group Holdings Limited announced that unaudited annual results of the group for the year ended 31 March 2013 is expected to record a profit as compared to a loss for the year ended 31 March 2012. Based on the preliminary review on the unaudited management accounts of the group, the net profit of the group is attributable to, among others, the recognition of revenue and contribution from a Chinese language motion picture titled ‘Journey to the West: Conquering the Demons' and theatre operation during the year ended 31 March 2013; the decrease in share-based payments during the year ended 31 March 2013; and the loss on capitalization on convertible bonds incurred during the year ended 31 March 2012.