Bingo Group Holdings Ltd Comments On FY 2013 Profit Guidance

Bingo Group Holdings Ltd announced that, based on information currently available, the unaudited annual results of the Company for fiscal 2013, is expected to record a profit as compared to a loss for fiscal 2012. Based on the preliminary review on the unaudited management accounts of the Company, the net profit of the Company is attributable to, among others, (i) the recognition of revenue and contribution from a Chinese language motion picture titled 'Journey to the West: Conquering the Demons' and theatre operation during fiscal 2013; (ii) the decrease in share-based payments during fiscal 2013; and (iii) the loss on capitalisation on convertible bonds incurred during fiscal 2012.