PPS International (Holdings) Limited announced that the board of the Company is expected that the unaudited net profit of the Group for the six months ended 31 December 2014 will record a drop of approximately 60.6% as compared to the net profit for the six months ended 31 December 2013. Based on the information currently available, the Board believes that the decrease in net profit for the six months ended 31 December 2014 is primarily due to a drop in revenue from HKD 98.9 million for the six months ended 31 December 2013 to HKD 97.5 million for the six months ended 31 December 2014 as a results of unsuccessful renewal of several minor contracts and the increase in expansion expenses from HKD 6.8 million for the six months ended 31 December 2013 to HKD 11.0 million for the six months ended 31 December 2014, the increase was mainly attributable to the increase in administrative costs and professional advisory fees incurred as a results of the potential expansion of the Group's business and the initial set up costs for the Group's subsidiaries in the People Republic of China.