North Asia Resources Holdings Limited provided group earnings guidance for the six months ended June 30, 2016. The group's net loss for the six months ended June 30, 2016 is expected to decrease by more than 70% as compared to the net loss for the same period last year. The loss during the period under review was mainly attributable to the finance costs and the impairment loss recognised in respect of mining rights and property, plant and equipment as a result of the net effect of decrease in fair value of mining operation by reducing working days at coal mines to 276 days every year under the Notification of the Strictly Compliance with New Production Capacity for Coal Mines in Shanxi Province issued by Shanxi Coal Industry Office on April 5, 2016 and increase in fair value of mining operation by the rise in coal price.