Runge Limited provided earnings guidance for the half year ending December 31, 2012. The company holds a market leadership position in coal advisory and software solutions and although the global nature of Runge's operations provides a level of diversification across commodities, geographies and product lines, the Group's financial results are associated with the fortunes of its coal customers. As a result of these developments, half year revenues to December 31, 2012 are expected to be down approximately 15% that is $8.0 million on the same period last year.

The Australian market, which accounts for approximately 55% of Group revenue, has been particularly impacted by slowing activity in the coal sector and the effect on local mine operators of the high Australian dollar. Revenues from coal related consulting in Australia is expected to be 25% below the prior year result. These initiatives will result in restructuring costs of $1.5 million and non-cash impairment charges of $1.4 million being recognized in this half.

Subject to the completion of software sales currently under negotiation, the company is expecting to report an operational EBITDA for the half year (before restructuring and impairment costs) of between $500,000 and $1.0 million. Reported EBIT, inclusive of restructuring costs and impairment charges, is expected to be a loss of between $4.0 million and $4.5 million. The comparative EBIT for first half of 2012, of profit $4.7 million, included $2.0 million in key man insurance proceeds.