Multifield International (HKG:0898) says that it expects a net profit for the year ended 31 December 2011 considerable lower than that for last year, which was mainly attributable to fair value losses of equity investments and available-for-sale investments as a result of the significant downturn of equity and financial markets as at the end of the financial year.

The board considers that the overall operation of the group as a whole remains sound and intact, and the financial position of the group remains solid.

The group's annual results announcement for the year ended 31 December 2011 is expected to be published before the end of March 2012.