New Times Energy Corporation Limited provided earnings guidance for the year ended December 31, 2017. The group is expected to report a consolidated net profit after tax in the range of approximately HKD 90.0 million to HKD 110.0 million for the year ended 31 December 2017 as compared to a consolidated net loss after tax of approximately HKD 125.0 million for the year ended 31 December 2016. The consolidated net profit after tax of the Group for the year ended 31 December 2017 was primarily attributable to the combined net effect of the reversal of previously recognised impairment loss on the Group's exploration and evaluation assets for Tartagal Oriental and Morillo Concessions; the expensing of exploration costs not meeting the criteria for capitalisation in relation to the non-commercial exploratory well of HLG.St.EP.x-2001; the loss arising from a change in fair value of certain listed equity securities of the Group; and the further impairment of certain available-for-sale investments of the Group.