Code Agriculture Holdings Limited provides earnings guidance for the first quarter ending June 30, 2012. For the quarter, the company is expected that the group will record a significant increase in the net profit for the three-month period ended 30 June 2012 as compared to the net profit for the corresponding period in 2011. The Board considers that such significant increase in the net profit was mainly contributed by the material increase in revenue derived from the group's agricultural machinery and construction business in the People's Republic of China during the period under review and the record of the impairment losses on other intangible assets in the first quarterly results of the group for its three-month period ended 30 June 2011.