Comtec Solar Systems Group Limited announced that despite an expected a positive gross profit margin of approximately 13%, the company expects to record a loss for the three months ended 31 March 2012 as compared to a profit recorded by the company for the corresponding three months ended 31 March 2011. The anticipated loss was attributable to non-cash accounting losses in relation to the repurchase of convertible bonds and the issuance of new warrants.