Midas Holdings Ltd. provided earnings guidance for the first quarter ended March 31, 2012. For the quarter, the company expects to record a significant drop in its unaudited revenue and net profit as compared to same period last year. The company expects to remain profitable for the three months ended 31 March 2012. The expected drop in the company's profit attributable to equity holders is mainly attributed to lower revenue compared to first quarter of 2011, higher operating expenses and finance cost and share of loss from its associated company, Nanjing SR Puzhen Rail Transport Co. Ltd.