The Hong Kong-based parent company of Birmingham City FC has issued a profit warning to investors.

Birmingham International Holdings (BIHL) confirmed to the Hong Kong Stock Exchange today that early indications showed a significant loss had been made by the firm in the previous financial year.

The announcement, signed by BIHL chairman Cheung Shing, warned the company's turnover had been reduced by 17 per cent and its net loss had risen by 20 per cent in the year to 30 June 2014.

The statement added: "The board wishes to inform the shareholders and potential investors that, based on preliminary assessment of unaudited management accounts,  the group is expected to record a significant loss for the year ended 30 June 2014.

"Such loss was primarily attributable to decrease in revenue generated from the company's principal business and decrease in profit generated from sales of player's registrations."

The complete accounts should be issued by the end of next month.

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