CHINA ENERGY DEVELOPMENT HOLDINGS LIMITED China Energy Development Holdings Limited provided consolidated earnings guidance for the year ended Dec. 31, 2015. For the year, the group is expected to record a significant increase in loss by approximately HKD 1,240 million, as compared to the corresponding period last year.
The increased loss of the group is mainly due to the impairment loss of intangible assets and exploration and evaluation assets of the Group's oil and natural gas project in North Kashi Block, Tarim Basin, PRC in the amount of approximately HKD 1,056 million and HKD 256 million, respectively.
