Roadshow Holdings Limited Reports Unaudited Consolidated Earnings Results for the Ten Months Ended October 31, 2015; Provides Earnings Guidance for the Year Ending December 31, 2015
The company anticipated that the group will record a loss for the year ending December 31, 2015. The anticipated loss is mainly attributable to the reduction in revenue due to worsening market conditions in the second half of the year particularly with regard to the retail sector, together with an increase in royalty, licence and management fees, an estimated exchange loss and the prudent one-off provision announced earlier for impairment loss on accounts receivable as at June 30, 2015 of approximately HKD 11 million.