Novo Group Ltd. provided group earnings guidance for the nine months ended January 31, 2012. The group expects to report a significantly lower profit in its unaudited third quarterly results of the Group for the nine months ended 31 January 2012 as compared to the corresponding period in 2011 mainly due to the global demand of steel and related products having been negatively affected by the Euro zone crisis and sustained weakness in the United States economy, coupled with the continued tight monetary policy that the People's Republic of China government has implemented to curb soaring inflation.