Oriental Explorer Holdings Ltd. provided earnings guidance for the six months ended June 30, 2013. The Group is expected to record a net loss for the six months ended 30 June 2013 as compared with a profit for the last corresponding period in 2012, which was mainly attributable to recent fluctuations in capital and bond markets, which causes the equity investments and available-for-sale investments held by the Group to record fair value losses. Based on a review of the Company's preliminary assessment of its unaudited consolidated management accounts for the six months ended 30 June 2013, equity investments held by the Group records a fair value loss of approximately HKD 14 million for the said six month period as compared to a fair value gain of about HKD 9 million for the corresponding period in 2012, and available-for-sale investments held by the Group records a fair value loss of approximately HKD 2 million for the said six month period as compared to a fair value gain of about HKD 10 million for the corresponding period in 2012.
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