L'sea Resources International Holdings Limited provided earnings guidance for the six months ended June 30, 2017. For the period, the Group is expected to record a significant drop in net profit for the six months ended 30 June 2017 as compared with that for the corresponding period in 2016. The said decrease is due to the fact that in the first half of 2016, the Group booked a significant reversal of impairment loss on the property, plant and equipment and exploration and evaluation assets of the Renison underground mine held by the Group based on the latest estimated recoverable amount of these assets of the mine as at 30 June 2016 whereas for the six months ended 30 June 2017, no such reversal of impairment loss will be made. On the other hand, the Group is expected to record a gross profit for the six months ended 30 June 2017 as compared to the gross loss recorded for the six months ended 30 June 2016. The expected gross profit is mainly due to the significant increase in the tin price and the increase of approximately 22% of the tin metal production of the Renison underground mine in the first half of 2017.