Kinetic Mines and Energy Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2016. For the year, the company expected that the group would record a consolidated net profit before taxation of exceeding RMB 100 million for the year ended 31 December 2016 as compared to a consolidated net loss before taxation of RMB 2.6 million for the year ended 31 December 2015, which is mainly due to, among others, a significant increase in the gross profit margin due to the increase in the average selling price of the Group's coal products during the second half of 2016.