Midas Holdings Ltd. Board of Directors announced that the company expects to report an unaudited net loss for the first quarter ended March 31, 2013. This is mainly due to: Lower revenue; Lower gross profit margin due to change in product mix and an increase in per unit production cost due to lower utilisation of production capacity; Higher operating expenses and finance cost; and Share of loss from its associated company, Nanjing SR Puzhen Rail Transport Co. Ltd.