Next Digital Limited board of directors announced that the group is expected to record a loss for the six months ended 30 September 2015 as compared to a profit for the corresponding period in last year. Based on the information currently available to the Board, the anticipated loss for the six months ended 30 September 2015 was mainly attributable to the following reasons: Decrease in approximately 20.0% in advertising revenue, circulation income and other revenue of the Group's publications due to the sluggish economy and overall declining market trend for print publications during the first half of 2015; The expenses incurred for the downsizing of the Group's Books and Magazines Publication and Printing Division mainly resulting from the cessation of publication of Sudden Weekly and Next+ONe as well as the restructuring of Next Magazine in Hong Kong during the period under review, including the payment in lieu of notice amounting to HKD 19.0 million for layoff of the relevant employees of the Group; and The impairment of the masthead and publishing right of Sudden Weekly in the amount of HKD 97.0 million as a result of the cessation of publication of
Sudden Weekly during the period under review.