Blumont Group Ltd. provided earnings guidance for the fourth quarter and full year ended December 31, 2011. The company expected to report significant decline in earnings for the fourth quarter compared with the corresponding period in 2010 mainly due to lower revenue from the property segment in view of completion of the development project in Kota Kinabalu where public sales was launched on August 28, 2010 and lower fair value gains on quoted financial assets recorded based on market bid prices on the securities held at each periods. As a result, these have contributed to substantially lower profits for the full year ended December 31, 2011 as compared to the full year ended December 31, 2010.