ChasWood Resources Holdings Ltd. provided earnings guidance for the year ended December 31, 2012. The Board of Directors of the company announced that the Group is expected to report a loss for its full year results ended December 31, 2012. The Group expects to report a loss for fiscal year 2012 due mainly to the losses arising from expenses and goodwill written off as a result of the RTO exercise incurred in the first half year ended June 30, 2012 and further losses in the second half year ended December 31, 2012, which were mainly attributable to the following reasons: Higher equipment written off as a result of closure of outlets; and Higher operating costs i.e. marketing and labour costs as well as pre-operating costs of new outlets opened as a result of expansion.