Blumont Group Ltd. provided earnings guidance for the third quarter and nine months ended 30 September 2016. The board of directors of the company, and together with its subsidiaries, the group announced that the group is expected to report net losses for the third quarter and nine months ended 30 September 2016. The expected losses in third quarter of 2016 and nine months of 2016 primarily arose from the fair value readjustments of the group's investments in transferable securities financial assets, attributable to the recent volatility in the financial markets and global economy. The expected losses in third quarter of 2016 and nine months of 2016 is also contributed by the finance cost incurred during the period.