Next Media Limited provided earnings guidance for the year ended March 31, 2013. The group is expected to record a substantial increase in loss for the year ended 31 March 2013 as compared to last year. Based on the information currently available to the Board, the anticipated substantial increase in the loss for the year ended 31 March 2013 was mainly attributable to (i) the operating losses incurred for the Group's TV and multi-media operations in Taiwan and Hong Kong Sharp Daily; and (ii) further write off and impairment made for certain assets and equipment of the Group's TV operation in Taiwan.