The board of directors of YGM Trading Limited announced that the financial results of the group for the year ended 31 March 2015 is expected to show a substantial decline in profit, as compared to the corresponding period in 2014. The substantial decline in profit is mainly attributable to the significant decrease in sales in the retail and wholesale of branded garments, leather goods and accessories caused by a decline in the retail markets in which the group operates, particularly in China; and the absence of any exceptional gain in the year ended 31 March 2015 whereas an one-off exceptional gain of HKD 30.0 million was recorded in the corresponding period last year as a result of the reversal of indemnity liabilities arising from the disposal of interest in an associate.