Asia Tele-Net and Technology Corporation Ltd. announced audited consolidated earnings results for the year ended December 31, 2015. For the year, the company reported profit attributable to owners of the company of HKD 29,013,000 or 6.80 cents per basic share compared to HKD 9,892,000 or 2.32 cents per basic share reported last year. Revenue was HKD 423,806,000 against HKD 558,316,000 reported last year.

Profit before taxation was HKD 34,214,000 against HKD 14,323,000 reported last year. The improvement of Group's profit attributable to owners of the company during the year was primarily due to (i) an increase in the net change in fair value of held-for-trading investments of approximately HKD 16,610,000 (the previous period: approximately HKD 136,000); (ii) income recognition of relocation compensation of approximately HKD 59,960,000 pursuant to the relocation compensation agreement and (iii) fixed asset written off of approximately HKD 40,803,000 due to the demolition of the factory situated at Longhua pursuant to the Re-development Agreement signed in 2011.