P99 Holdings Limited provided earnings guidance for the year ended December 31, 2012. For the year, the Group expects to report a higher net loss as compared to the previous financial year ended December 31, 2011. This was mainly attributable to the amortization of the "Pelé" licence acquired in 2011, higher operating expenses from the marketing and setting up of the Pelé café business and the impairment of the "Pelé" license.