Television Broadcasts Limited provided consolidated earnings guidance for the year ended December 31, 2018. The company estimates that an impairment charge/loss is likely to be made in relation to the SMI Bonds in the amount of approximately HKD 500 million which would result in a net loss of approximately HKD 200 million for the financial year ended 31 December 2018, as compared to a net profit of HKD 243 million for the financial year ended 31 December 2017.