JF Household Furnishings Limited provided group earnings guidance for the year ended December 31, 2012. For the year, the company expected to record a loss as compared to profit for the year ended 31 December 2011. The expected loss incurred was mainly attributable to, among others, the decrease in turnover of the stainless steel business; the absence of a significant one time gain for the year of 2012 as compared to a one-off gain from the disposal of former subsidiaries of the Company as recorded in the year of 2011; and the increase of expenses in potential project identification and assessment.