TCL Multimedia Technology Holdings Ltd. provided earnings guidance for the fourth quarter ended December 31, 2015. For the quarter, the company expected to record a profit for the three months ended 31 December 2015. Thus, there is a significant improvement on the Group's results and turn from a loss to a profit when compared to the loss of approximately HKD 440 million for the three months ended 30 September 2015.

Based on the information currently available, the above mentioned expected turn from a loss to a profit was primarily attributable to (i) the improvement in the overall operating performance of the Group which led to an increase in gross profit margin and (ii) appropriate hedging being carried out by the Group to eliminate exchange losses resulting from the depreciation of Renminbi against US dollars.