SOCAM Development Limited provided earnings guidance for six months ending June 30, 2012. For the period, the company expects to record a loss as compared to the consolidated net profit for the corresponding period in 2011. This is mainly due to the fact that negotiations for the potential divestment of the Group's interest in certain major assets at a profit, which progressed well in the first quarter of the year, are still on-going and may not materialise before the end of the period under review. The possibility of a loss in this first half period is also attributable to fewer properties being completed and delivered for the period under review, which is in accordance with the current development programmes of the projects in the Group's property portfolio.