Magnus Energy Group Ltd. provided earnings guidance for the year ending December 31, 2011. For the period, the company expects to report lower net profit for the six months period ended 31 December 2011 than that for the corresponding period ended 31 December 2010 due to lower revenue in subsidiary in oil and gas equipment supply segment. The group is also expecting to report losses for the period ended from 31 October 2011 to 31 December 2011.