PNG Resources Holdings Limited provided earnings guidance for the year ended March 31, 2012. The board informed the shareholders and potential investors of the company that the group is expected to record a substantial decrease in profit or may even be a loss for the year ended March 31, 2012. Such expected substantial decrease in profit was mainly attributable to, among other things, the unrealised losses on investments held-for-trading due to the European financial crisis and global economic slowdown and lack of exceptional gains on reversal of impairment of prepaid lease payments as compared to the year ended March 31, 2011.