The board of directors of New Times Energy Corporation Limited provided group earnings guidance for the year ended December 31, 2014. The group is expected to record a net loss for the year ended December 31, 2014 as compared to the net profit in the corresponding year ended December 31, 2013. The net loss was mainly attributable to the absence of extraordinary items of net gain on disposal of oil properties and reversal of impairment losses for the year; the increase in administrative expenses and finance costs of the group; and the under-provision of Argentina corporate income tax for prior year.