Asiaray Media Group Limited announced that based on preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2018, the Group is expected to record an increase of approximately 30% to 50% in its consolidated profit attributable to owners of the Company for the year ended 31 December 2018 as compared to that for the year ended 31 December 2017. Such increase is attributable to a growth in revenue generated from the Group's media advertising business.