One Media Group Limited provided earnings guidance for the first quarter ended June 30, 2016. The company expects to record a loss attributable to the owners of the Company for the three months ended 30th June 2016 as compared to a profit attributable to the owners of the Company for the corresponding period in 2015. The reason for the decline is mainly due to the weak retail market of luxury products which led to advertisers tightening their advertising and promotion spending.