Siam Sport Syndicate Public Company Limited announced audited consolidated and separate earnings results for the year ended December 31, 2016. For the year, on consolidated basis, total revenues of THB 1,027,879,142 against THB 2,011,957,093 a year ago. The main reason was still the stagnant economy that made the customers to cut down their spending on newspaper and magazine. Loss before income tax was THB 359,058,400 against THB 32,309,172 a year ago. Loss attributable to equity holders of the company was THB 358,037,237 against THB 33,892,260 a year ago. This was caused by sales revenue decreased and the loss of advance expenses prepared for activities to be carried out by THB 70.36 million in the first quarter of 2016 and the loss from bad debt by THB 78.48 million . Collections are under process. Diluted loss per share was THB 0.93 against THB 0.09 a year ago. Net cash provided by operating activities were THB 15,333,585 against THB 56,269,724 a year ago. Purchase of fixed assets was THB 3,145,562 against THB 3,145,562 a year ago. For the year, the separate company reported total revenues of THB 803,454,523 against THB 1,647,744,626 a year ago. Loss before income tax was THB 386,513,216 against THB 53,971,450 a year ago. Loss attributable to equity holders of the company was THB 383,352,914 against THB 51,766,152 a year ago. Diluted loss per share was THB 1.00 against THB 0.14 a year ago. Net cash provided by operating activities were THB 29,897,481 against THB 72,276,127 a year ago. Purchase of fixed assets was THB 1,630,283 against THB 2,625,387 a year ago.