Sincap Group Limited announced that the Group is expected to report a net loss for the financial year ended December 31, 2012, mainly as a result of the following: decline in the Group's alumina and coal trading businesses due to the general slowdown of the PRC's economic environment as well as uncertainties in the global economy; one-off impairment loss in relation to pre-payments made to a supplier; and expenses incurred in connection with the Company's initial public offering during the year. This profit guidance is based on a preliminary review of the draft management accounts of the
Group for the fiscal 2012.