MIE Holdings Corporation provided earnings guidance for six months ended June 30, 2013. For the period, the company expects to record a material decrease in its net profit as compared with that for the six months ended June 30, 2012 though the Group's total revenue is expected to record a mild drop for the same period. The company said that the expected decrease in net profit is principally attributable to the material increase of depreciation, depletion and amortization expenses; the average realized oil price for Northeast China production (Daqing oil price FOB at Dalian port) in the period dropped by about $14/barrel compared to a year ago; the drop in the net production allocated to the company for the Northeast China project as a result of the reduced capital expenditure contributed by the company in first half of 2013 compared to a year ago; and the increase of finance expenses arising from interests increase and certain one-off charges.

The company also said that the board does not expect a notable decrease in the group's EBITDA for first half of 2013 as compared to a year ago and the financial position of the Group remains sound and stable.