Clear Media Limited reported group earnings results for the year ended 31 December 2015. For the year, the group's total turnover increased by 4.1% year on year to HKD 1,832.7 million against HKD 1,760.7 million a year ago. Earnings before interest, tax, depreciation and amortization for the year increased by 11.9% year on year to HKD 792.9 million against HKD 708.9 million a year ago. Earnings before interest and tax increased by 17.5% to HKD 436.0 million against HKD 370.9 million a year ago. Net profit for the year was increased by 16.8% year on year to HKD 280.5 million against HKD 240.2 million a year ago. Basic earnings per share increased by 16.0% year on year to 51.92 cents 44.75 cents a year ago. Net cash flow from operating activities was decreased marginally by 1.4% to HKD 557 million against HKD 564.705 million a year ago. On accrual basis, the capital expenditure in 2015 was HKD 428 million as compared to HKD 455 million in 2014. Profit attributable to owners of the parent was HKD 280.522 million against HKD 240.214 million a year ago. Diluted earnings per share were 51.83 cents 44.49 cents a year ago.

The company expects to maintain capital expenditure budget for 2016 at a similar scale to 2015 as the company continue to identify acquisition opportunities both in major cities and new cities to extend the breadth and depth of the reach of network, taking advantage of the favorable asset price levels. The company management expects the revenue performance from various industries, that advertising clients operate in, to be mixed in 2016.