Fittec International Group Limited provided earnings guidance for the year ended June 30, 2014. For the year, The group is anticipated that the group will record a greater loss attributable to the owners of the company as compared with the loss attributable to owners of the company for the corresponding year in 2013. The anticipated increase in loss was primarily due to decrease in the turnover and gross profit margin in the computer motherboard and hard disk drive controller business, which is mainly attributable to weakening global demand of computer motherboard and hard disk drive which are the key products of the group; the increase in the cost of raw materials and labour in China; the continual slow growth of the global economy and the economic downturn of the United States of America, the European countries and Japan which prolonged the refresh cycles for PCs; the impairment loss for the property, plant and equipment in relation to the Vietnam Factory, which will be subject to further impairment based on the estimated damage assessment when available; and a once-off other income of HKD 37 million received in 2012/13 from the settlement of the final installment of insurance as a result of the damages incurred from the Thailand flooding.