North Asia Resources Holdings Limited provided earnings guidance for the six months ended June 30, 2015. The company announced that the group's net loss for the six months ended 30 June 2015 is expected to increase by over 12 times as compared to that for the six months ended 30 June 2014. The increase in loss during the period under review was mainly attributable to (i) increase in impairment loss recognized in respect of mining rights and property, plant and equipment; (ii) change in fair value of the derivative component of the convertible loan notes issued by the Company; and (iii) increase in finance cost.
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- North Asia Resources Holdings Limited Provides Earnings Guidance for the Six Months Ended June 30, 2015