Magnum Entertainment Group Holdings Limited provided consolidated earnings guidance for the six months ending 30 September 2015. For the period, the Group is expected to record a net loss for the six months ending 30 September 2015 as compared with a net profit of approximately HKD 11.25 million for the six months ended 30 September 2014, notwithstanding that the Group's turnover is expected to be only slightly below that for the corresponding period in 2014. Such deterioration was mainly attributable to (i) the weakening sentiment in the consumer market which restrained growth in patronage for the clubbing operations of the Group, (ii) the temporary closure of Beijing Club from January to June 2015 for renovation purpose without any rent-free period and the renovation expenses incurred; and (iii) full effect of the operational and rental expenses of Zentral, which was opened in December 2014, for the six months ending 30 September 2015.