Pearl Oriental Oil Limited provided earnings guidance for the year ended December 31, 2011. The company expected to record a consolidated net loss for the year ended December 31, 2011 as compared to the consolidated net profit for the year ended December 31, 2010. The Loss for 2011 would be mainly due to the impairment loss on fair value in the Group's intangible assets, however, for which the Group had not made any cash payments.