Academies Australasia Group Limited provided earnings guidance for the year ending June 30, 2016. For the period, the company's unaudited EBITDA is expected to be a loss of approximately $1.45 million. The Loss represents a deterioration of approximately $0.4 million from AKG's previously reported EBITDA for the six months to December 31, 2015.

The primary reason for the loss is the poor performance of Newco CLB Training & Development as trustee for the CLB Unit Trust T/A Spectra Training, a wholly owned subsidiary of AKG which was acquired in June 2014.