One Media Group Limited provided earnings guidance for the year ending March 31, 2016. The board of directors of the company announced that, based on the information currently available and subject to further review, the Company is expected the operating profit of the Company for the year ending 31 March 2016 will be significantly lower than the operating profit for the year ended 31 March 2015, or may even incur an operating loss. For the year ended 31 March 2015, the operating profit was HKD 21,697,000 and the loss attributable to equity holders of the Company was HKD 11,072,000 which was mainly due to the allowance for impairment of interest in an associate of HKD 23,467,000.

During the current financial year, owing to the slowdown of the economy for both Hong Kong and Mainland China, the advertisers continued to tighten their advertising spending, as a result, the advertising revenue of the Group fell significantly.