BRIEF-Smit Holdings Says For Year Group Expects Net Profit Of No Less Than US$10 Mln

March 20 (Reuters) - Smit Holdings Ltd:

* FOR YEAR GROUP EXPECTS TO RECORD A NET PROFIT OF NO LESS THAN US$10 MILLION

* EXPECTED RESULT DUE TO TO AN ONE-OFF GAIN OF NO LESS THAN US$20 MILLION ON DEEMED DISPOSAL OF EQUITY INTERESTS IN S2C SHANGHAI CO., LTD Source text for Eikon: Further company coverage: