Climax International Company Limited provided earnings guidance for the full year ended March 31, 2014. The Group is expected to record a substantial loss for the year ended 31 March 2014 as compared to a net profit for the corresponding year ended 31 March 2013. The expected loss in the company's results for the year ended 31 March 2014 was mainly attributable to the significant drop of operating profit from the paper business which were due to the increase in labour costs and other costs of production, an impairment loss of goodwil arising on the acquisition of the Paper Business, the loss on changes in fair value of the held for trading investments, and the absence of the gain on changes in fair value of investment properties as compared to last corresponding year.