Pollux Properties Ltd. provided consolidated earnings guidance for the year ended March 31, 2012. The board of directors of the company announced that the company and its subsidiaries are expected to report a loss before tax for the financial year ended 31 March 2012. Based on a preliminary assessment of the group's performance, the loss before tax was due mainly to: the group's disposal of its non-core businesses, the Home Furnishing Division and Building Materials Division in September 2011 and December 2011 respectively; and delay in launching three of the group's property development projects in fiscal year 2012 due to the new guidelines introduced by Urban Redevelopment Authority in relation to measures to improve the living environment for non-landed residential estates, which were effective from 24 November 2011.