The board of directors of PME Group Limited announced that the group is expected to record a substantial improvement in the annual results for the year ended 31 December 2012 as compared to 2011 mainly due to increase in revenue, decreases in impairment on interest in associates,
impairment on available-for-sale investments and impairment on amount due from an associate, decreases in fair value loss of convertible bonds designated as financial assets at fair value through profit or loss and held for trading investments, and decrease in share of losses of associates.