Loudong General Nice Resources (China) Holdings Limited announced that, based on the preliminary review of the unaudited consolidated management accounts of the group and the information currently available to the Board, the Group is expected to record a consolidated loss attributable to the owners of the company for the year ended 31 December 2014, but the amount of loss will substantially decrease as compared to the consolidated loss attributable to the owners of the company of approximately HKD 2.68 billion for the year ended 31 December 2013. Based on the preliminary information currently available to the board, the loss for year 2014 was primarily attributable to (i) the continuous downward adjustments in selling price of metallurgical coke, amidst a slowing global economy and a tepid domestic market in China; (ii) the substantial portion of income tax expense aroused from the coke manufacturing and trading segments; (iii) impairment losses is proposed to be recognised in relation to the tangible assets of the coke manufacturing segment; and (iv) the possible impairment of portion of goodwill in connection with the oil cash-generating unit acquired by the Group during the Year 2014. The significant decrease in the consolidated loss attributable to the owners of the company for year 2014 is mainly due to the substantial decrease of the impairment losses to be recognized to the aforesaid tangible assets as compared with the impairment loss on property, plant and equipment of approximately HKD 1.96 billion recorded for Year 2013.