Pacific Century Premium Developments Limited reported audited consolidated earnings results for the year ended December 31, 2016. The company recorded total revenue of HKD 174 million and a negative EBITDA of HKD 280 million for the year ended December 31, 2016 against total revenue of HKD 165 million and negative EBITDA of HKD 261 million a year ago. Operating loss was HKD 357 million against HKD 280 million a year ago. Loss attributable to equity holders of the company was HKD 364 million or 22.96 cents against HKD 81 million or 17.21 cents million a year ago. Loss before taxation was HKD 346 million against HKD 268 million a year ago. Loss attributable to equity holders of the company from continuing operations was HKD 364 million against HKD 273 million a year ago. The increase in operating loss was mainly due to the recognition of fair value adjustment of the option in 2016. Cash used in operating activities for the year ended December 31, 2016 was approximately HKD 411 million, as compared to cash generated from operating activities of approximately HKD 435 million in 2015 as the Group received net surplus proceeds distribution of the Cyberport project in 2015.