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Sun International Resources Ltd Comments On FY 2013 Earnings Guidance


Wednesday, 15 May 2013 06:28am EDT 

Sun International Resources Ltd announced for fiscal 2013, it expects to record a loss as compared to the profit recorded in fiscal 2012. Based on the relevant information currently available to the Company, the Board considers that such loss was mainly attributable to the impairment loss arising from change in fair value of the Group’s intangible assets of mining rights in respect of the mines situated at Indonesia; and the valuation of the investment properties of the Group; and goodwill impairment relating to computer services business of the Group. 

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