Emperor Watch & Jewellery Limited announced audited consolidated earnings results for the year ended December 31, 2016. For the year, the company reported revenue of HKD 3,641,845,000 against HKD 4,430,846,000 a year ago. Loss before taxation was HKD 59,843,000 against HKD 116,609,000 a year ago. Loss for the year was HKD 64,821,000 against HKD 120,082,000 a year ago. Loss per share was 0.9 cents against 1.7 cents a year ago. The group recorded LBITDA of HKD 1.8 million compared to HKD 53.1 million a year ago. Due to a gradual improvement in sales momentum and ongoing rental savings, a turnaround in net profit was achieved in the second half of 2016.