SIM Technology Group Ltd. provided earnings guidance for the fiscal ending December 31, 2013. The company informed the shareholders of the company and potential investors that it is expected that the Group's results for the second half of 2013 is still not profitable and the Group will continue to record loss for the year ending 31 December 2013. Such loss is primarily attributable to the reasons as follows: (i) the new business of the Group is still under development, and has not yet bought in satisfactory return to the Group in fiscal year 2013; and (ii) the management of the company has also estimated probable recognition of impairment of the intangible assets (including capitalised development costs of those previous projects which is expected not to bring in future revenue to the Group) and impairment of the property, plant and equipment.