Directel Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2015. Based on the preliminary review by the board of directors of the company of the unaudited consolidated management accounts of the Group, the Board announced that the Group is expected to record a substantial increase in loss for the year ended December 31, 2015 as compared to that for the year ended December 31, 2014. Based on the relevant information currently available to the company, the Board considers that such loss incurred was mainly attributable to the significant decrease in turnover as a result of the decrease in the monthly average number of activated phone numbers and the decrease of airtime usage by users; the incurrence of research and development cost; the significant increase in foreign exchange loss; and the provision for impairment loss recognized in respect of trade receivables.