Minerco Resources, Inc. Provides Preliminary Earnings Guidance for the Year Ended December 31, 2011
May 10, 2012 at 05:53 am EDT
Minerco Resources, Inc. provided preliminary earnings guidance for the year ended December 31, 2011. For the period, the company expects to announce a decrease in its budgeted profit forecast for the year. The decrease is driven principally by one-of write-of s which include impairments of assets, project expenses from capital raising exercises, acquisitions, and termination of technical and managerial charges. The underlying performance indicators for the period are in line with Management's 2011 projections.