Neway Group Holdings Limited announced unaudited consolidated earnings results for the six months ended June 30, 2015. For the period, the company reported revenue of HKD 217,621,000 compared to HKD 296,529,000 a year ago. Loss before taxation was HKD 32,363,000 compared to HKD 19,720,000 a year ago.

Loss for the period attributable to owners of the company was HKD 32,711,000 compared to HKD 20,030,000 a year ago. Basic loss per share was 2.09 Hong Kong cents compared to 1.89 Hong Kong cents a year ago. The group recorded a loss during the p mainly due to: the decrease in gross profit mainly as a result of the decrease in revenue from the manufacturing and sales business; the decrease in revenue from the Music and Entertainment Business mainly as a result of absence of concert income and drop in licensing income and artiste management income; the impairment loss on non-current assets in the manufacturing and sales business and music and entertainment business of approximately HKD 7.0 million; and the net fair value loss on held-for-trading investments.