Sinofert Holdings Ltd. provided earnings guidance for the year ended December 31, 2013. For the year, the company expects that there will be a significant deterioration in the operating results of the Group for the year ended 31 December 2013 as compared with those for the year ended 31 December 2012, and the group is expected to record a loss for the year ended 31 December 2013. The expected loss is mainly attributable to the continuous deterioration of the domestic and overseas fertilizer markets in the year 2013 when compared to the year 2012, and the continuous decline in sales price of fertilizer products and the increase in pressure on gross profit margins.

In addition, as the company expects that there may not be sufficient taxable profit available in the future to offset the tax losses carried forward from previous years.