TAG Pacific Limited provided earnings guidance for the first half of 2016. The company's revenue for the first half is expected to be approximately $28 million, up from $26 million in the prior comparative period. An improvement in the performance of the group's investment in MPower is expected to result in a reduced group consolidated loss after tax in the first half attributable to shareholders in the range of $1.1 million to $1.5 million.

The expected result indicates a significant improvement on the group loss of $10 million in the prior comparative period. The prior comparative period result included $7.1 million in non-cash, non-recurring accounting charges.