Newton Resources Ltd. provided earnings guidance for the year ending 31 December 2021. For the period, the company expects to record a net loss of not less than USD 1 million for the year ending 31 December 2021, as compared to the net profit of USD 0.8 million for the year ended 31 December 2020. The major reasons for the expected deterioration in the annual results of the Group for the Current Year include the expected overall decrease in the gross profit of the Group as compared to the Corresponding Prior Year which was mainly attributed to the significant decrease in the quantity and the inferior quality of iron ore supply during the Current Year and the significant drop in the iron ore market prices subsequent to 30 June 2021; and the impairment loss on other current financial asset of the Group of approximately USD 1.3 million made during the six months period ended 30 June 2021.