Leader Environmental Technologies Limited provided group earnings guidance for the first quarter ended March 31, 2012. The company issued a profit guidance regarding the financial results of the Group for the first quarter ended March 31, 2012. The Group is expected to report a decline in profit for the first quarter ended March 31, 2012 as compared with the corresponding period in 2011, due to amidst the continuing delay in the disbursements of fundings from the Environmental Bureau for industrial wastegas projects in first quarter of 2012, the Group prefers to adopt a cautious and selective approach in undertaking industrial wastegas projects. Accordingly, no large scale industrial wastegas projects were performed as the company focused on industrial wastewater projects instead which offer better payment terms, albeit at a lower gross profit margin.