Great Group Holdings Limited provided earnings guidance for the third quarter ended September 30, 2012. It is expected that the Group will report a loss for the third quarter of 2012 as compared to the corresponding period last year. This is due to, amongst others, lower revenues and gross margin resulting from weaker demand in Europe and severe competition in the midst of an increasingly challenging business environment.

This is coupled with the impairment of inventories and increase in operating expenses. The profit guidance is based on a preliminary review of the unaudited financial results of the Group.