Leader Environmental Technologies Limited provided consolidated earnings guidance for the third quarter ended September 30, 2015. The board of directors of the company announced that, based on the preliminary review of the unaudited financial results for the financial period ended 30 September 2015, the group is expected to report a significant loss for the third quarter ended 30 September 2015. The loss was mainly attributable to impairment on investment in associate, and trade receivables and advances to trade suppliers written off in third quarter of fiscal 2015.

There were no such impairment and write-offs in the same corresponding period of last year.