DeTeam Company Limited provided consolidated earnings guidance for the fiscal year ended December 31, 2012. The board of directors of the company informed the shareholders of the company and potential investors that the group is expected to record an increase in loss for the year ended 31 December 2012, as compared with the corresponding period in 2011. Based on the information currently available, the board considers that the deterioration in the performance of the group is mainly attributable to the (i) recognition of share-based payment expenses, which is a non-cash expense, as a result of the share options granted by the Company in January 2012 (ii) an impairment of Property, Plant and Equipment in the underground coal mine.
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- DeTeam Company Limited Provides Consolidated Earnings Guidance for the Fiscal Year Ended December 31, 2012