Loudong General Nice Resources (China) Holdings Limited provided preliminary consolidated earnings guidance for the year ended December 31, 2012. The board of directors of Loudong General Nice Resources (China) Holdings Limited informed the shareholders of the company and potential investors that, based on the preliminary review of the consolidated management accounts of the group, it is expected that the profit attributable to the owners of the company for the year ended December 31, 2012 will show a significant decrease as compared with that for the year ended December 31, 2011. The expected decrease in the profit is primarily attributable to the drop in sales volume and the continuous decrease in the price of coke due to the global economic downturn and the slowdown in China's steel industry.
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