Neo Telemedia Limited provided earnings guidance for the nine months ended September 30, 2014. The company announced that based on the preliminary review on the unaudited consolidated management accounts of the group for the nine months ended September 30, 2014 and the information currently available, the group is expected to record an increase in loss attributable to owners of the company by approximately 35% for the nine months ended September 30, 2014 as compared to the loss recorded in the corresponding period in 2013. The expected increase in loss was mainly because of the lack of the gain on fair value of contingent consideration payable of approximately HKD 29,463,000 in relation to the acquisition of Galaxy Palace Group Limited and its subsidiaries as recorded in the last corresponding period which is a non-recurring item; and the increase in finance costs on the convertible notes and short term loan of the company.