Libra Group Limited provided group earnings guidance for the year ended December 31, 2012. The group is expected to report a net loss for its full year financial results ended December 31, 2012, mainly due to the writing-off and provisioning of gross amounts due from certain specific customers for contract work-in-progress. This is in respect of variation orders which are now deemed not recoverable from these specific customers.

The profit guidance is based on the preliminary review of the management accounts of the group for the full year.