The board of directors of Luks Group (Vietnam Holdings) Company Limited informed the shareholders of the company and potential investors that the consolidated profit of the Group for the year ended 31 December 2012 is expected to record a significant increase as compared to the profit for last year. The main attributable reasons include the following:- the Group had an one off impairment of a deposit made to a joint venture company in Vietnam for an amount of VND 255,744,000,000 (equivalent to approximately HKD 96 million) in the last financial year ended 31 December 2011; the exchange rate of Vietnamese Dong (VND) to HKD was stable during this financial year and thus saved the Group from significant exchange loss as happened in the last financial year; the Group refinanced a substantial portion of the high interest rate loans denominated in VND of the Cement subsidiary with low interest rate loans denominated in HKD and USD during this financial year and thus resulted in a significant decrease in financial costs of the Cement business.