3Cnergy Limited provided consolidated earnings guidance for the year ended December 31, 2013. For the period, the group is expected to report a net loss. The group's net loss is expected to be greater than the group's net loss of approximately SGD 1.9 million for the corresponding financial year ended 31 December 2012 mainly due to the reasons as follows: Reduced commission income mainly attributable to the various rounds of property cooling measures introduced by the Government of Singapore; Losses from the new business units established in the second half of the financial year ended 31 December 2012; Increase in provision for doubtful debts mainly related to outstanding sum due from developers for projects; Provision for legal costs relating to an investment sales project; Compensation in the form of salary in lieu of notice paid mainly to the former Chief Executive Officer, Chief Operating Officer, and Chief Financial Officer of the company pursuant to their departure; and write-off of goodwill which arose from the reverse takeover exercise by the company which was completed on 31 January 2011.