China National Culture Group Limited reported audited consolidated earnings results for the year ended 31 March 2018. For the year, the company reported revenue of HKD 101,155,000 against HKD 64,622,000 a year ago. Loss before taxation was HKD 407,367,000 against HKD 279,207,000 a year ago. Loss for the year and attributable to the owners of the company was HKD 358,673,000 or 3.65 cents per basic and diluted share against HKD 263,438,000 or 2.68 cents per basic and diluted share a year ago. The increase in turnover in the current year mainly because the advertising income contributed by Recent Value Limited and Dynamic Thinker Limited and the revenue generated from sale of film rights during the year. The net loss reported by the Group was mainly arising from the net effect of (i) net realised and unrealised loss on financial assets held for trading of approximately HKD 301,052,000; (ii) impairment loss in respect of goodwill of approximately HKD 59,791,000; (iii) net realised loss on disposal and impairment loss in respect of available-for-sale investments of approximately HKD 21,548,000; and (iv) impairment loss in respect of accounts receivable and other receivable of approximately HKD 15,649,000.