PMP Limited revised earnings guidance for the year of 2012. The company announced last market guidance in February market conditions have continued to deteriorate. Trading results for March were circa 20% below forecast and at the same time the 4th quarter forecast now indicates lower than expected volumes due to further deterioration in demand from the retail and publishing markets. It is evident this is a combination of structural issues, economic drivers and deferral of advertising spend into the first quarter of fiscal 2013. PMP provides guidance to the market that the full year EBIT (before significant items) is likely to be in the range of $30 million to $33 million and net debt is likely to be in the vicinity of $150 million to $155 million.