Baker Technology Limited provides earnings guidance for the fourth quarter and year ended December 31, 2016. For the quarter, the company expected to report a loss compared to a profit recorded in the corresponding periods of the previous year. The loss was mainly attributable to impairment of goodwill in a subsidiary and lower revenue/gross profit arising from the general weakness of the oil and gas industry. For the year, the company expected to report a loss compared to a profit recorded in the corresponding periods of the previous year. The loss was mainly attributable to impairment of goodwill in a subsidiary and lower revenue/gross profit arising from the general weakness of the oil and gas industry.