Sinwa Limited provided profit guidance on the Group's results for third quarter and nine months ended September 30, 2012. The Group is expected to record a loss in third quarter and for nine months of 2012. The loss in third quarter and nine months of fiscal 2012 were mainly attributed to losses from the engineering and charter businesses which has been affected by the slowdown in the marine sector and the offhire of its jointly held liftboat, Titan 2. This has further been affected by the fluctuation in foreign currency especially the depreciation of the United States dollar against the Singapore dollar.