TPV Technology Limited board of directors is expected to record a loss attributable to owners of the Company in the range of USD 40 million to USD 60 million (preliminary figures) for the first quarter ended 31 March 2015, compared to a loss of USD 50.4 million in the first quarter of 2014 and a gain of USD 51.2 million in the fourth quarter of 2014. The loss in the first quarter of 2015 was mainly due to the weakening of most currencies against US dollar and the weakness in TV demand in some overseas markets in a traditionally slow first quarter. Profit margins were also impacted by the phasing out of 2014 models ahead of the launching of 2015 new models in the second quarter.