Next Digital Limited provided earnings guidance for the six months ended September 30, 2016. The group is expected to record an increase in loss for the six months ended 30 September 2016 as compared to a loss for the corresponding period in last year. Based on the information currently available to the Board, the anticipated an increase in loss for the six months ended 30 September 2016 was mainly attributable to the reasons: An approximately 24.8% fall in the overall advertising revenue and circulation income of the group's publications due to the sluggish economy and overall declining market trend for print publications both Hong Kong and Taiwan during the first half of 2016; and the expenses incurred for the downsizing of the group's operations, in particular, the cessation of the publication of FACE and ME! in Hong Kong, as well as the restructuring of Taiwan Apple Daily and Taiwan Next Magazine and Apple Daily and Next Magazine in Hong Kong during the period under review, including the payment in lieu of notice amounting to HKD 37.8 million for layoff of the relevant employees of the group.