The board of directors of the Pearl Oriental Oil Limited announced that the Group is expected to record a consolidated net loss for the year ended December 31, 2012 as compared to the consolidated net profit for the year ended December 31, 2011. The Loss for 2012 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.
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- Pearl Oriental Oil Limited Provides Earnings Guidance for the Year Ended December 31, 2012