Summit Ascent Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2012. For the period, the company expects to record loss, as compared to the profit recorded in the corresponding period in 2011. Such expected loss was primarily attributed to the significant drop in turnover of the Group since most of the sizeable projects of the Group were delivered in 2011 after the group reorganization.

Moreover, uncertainties associated with the global and PRC economic growth had gradually filtered through to the local market.