Walcom Group Ltd. reported unaudited consolidated earnings results for the six months ended June 30, 2016. For the period, the company reported revenues of HKD 20,693,043 against HKD 19,300,594 a year ago. Loss from operations was HKD 1,415,725 against HKD 1,743,007 a year ago. Loss before income tax was HKD 1,447,232 against HKD 1,759,720 a year ago. Loss attributable to owners of the company was HKD 1,690,571 or 2.46 cents per basic and diluted share against HKD 1,935,378 or 2.81 cents per basic and diluted share a year ago. Net cash used in operating activities was HKD 2,227,163 against HKD 1,496,289 a year ago. Purchase of property, plant and equipment was HKD 9,768 against HKD 59,458 a year ago. LBITDA was HKD 1,128,308 against HKD 1,403,684 a year ago.

The company provided earnings guidance for the year 2016. In view of the coming high sales season of the company's products in the market and the expected growth in the Asian markets in the second half of the year, the company is cautiously optimistic in the overall performance of the company in the year 2016.