Pearl Oriental Oil Limited provided preliminary unaudited consolidated earnings guidance for the six months ended June 30, 2018. The company group is expected to record a net loss of not exceeding HKD 25,000,000 for the six months ended 30 June 2018 as compared to a net loss of approximately HKD 230,000,000 for the six months ended 30 June 2017. Such change would be mainly due to the impairment loss on the group's intangible assets recognized for the six months ended 30 June 2017 but no such impairment is recognized for the six months ended 30 June 2018.