China Oriental Group Co Ltd Comments On Q3, Q4, H2 2012 Earnings Guidance

China Oriental Group Co Ltd announced that, based on the unaudited management accounts of the Group for July and August of 2012 and the performance of the Group in September 2012, it is expected that the Group is likely to incur a loss in the third quarter of 2012. The performance of the Group in the fourth quarter of 2012 will not improve significantly if steel prices and operational environment for the steel manufacturing further deteriorate or do not improve. In light of this, the Board expects that the Group is likely to experience a significant decline in profit or may even incur a loss in the second half of 2012 as compared to the profit made in the corresponding period of 2011.