Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
The board of directors of Allan International Holdings Limited (the "Company") announces the unaudited condensed consolidated results of the Company and its subsidiaries (the "Group") for the six months ended 30 September 2017 together with the comparative figures for the six months ended 30 September 2016, as follows:
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
For the six months ended 30 September 2017
Six months ended 30 September
2017 2016
NOTES
(Unaudited)
HK$'000
(Unaudited)
HK$'000
Revenue
3
695,883
696,649
Cost of sales
(626,262)
(595,731)
Gross profit
69,621
100,918
Other income
4
13,969
14,100
Other gains and losses
1,249
(508)
Selling and distribution expenses
(12,593)
(12,902)
Administrative expenses
(55,252)
(61,870)
Gain from changes in fair value of
investment properties
3,000
600
Finance costs on bank loans
(273)
(368)
Profit before tax
19,721
39,970
Income tax expense
5
(2,310)
(5,412)
Profit for the period
17,411
34,558
Six months ended 30 September
2017 2016
(Unaudited) (Unaudited)
NOTES HK$'000 HK$'000
Other comprehensive income (expense):
Items that may be reclassified subsequently to profit or loss:
Exchange differences arising on translating
foreign operations
5,563
(7,140)
Net fair value gain on available-for-sale investments Reclassified to profit or loss upon redemption of
available-for-sale investments
640
237
469
5
Other comprehensive income (expense) for the period
6,440
(6,666)
Total comprehensive income for the period
23,851
27,892
Earnings per share Basic
6
HK5.19 cents
HK10.30 cents
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
At 30 September 2017
30 September
2017
(Unaudited)
31 March
2017
(Audited)
NOTES
HK$'000
HK$'000
Non-current assets
Investment properties
8
253,800
250,800
Property, plant and equipment
9
176,838
179,602
Prepaid lease payments
23,332
22,994
Club debentures
13,176
13,176
Available-for-sale investments
59,825
17,010
Financial assets designated at fair value through
profit or loss ("FVTPL")
1,939
1,920
Deposits paid for acquisition of property,
plant and equipment
2,957
1,879
531,867
487,381
Current assets
Inventories
103,524
88,210
Trade receivables and bills receivable
10
332,718
254,189
Other receivables
28,712
22,157
Mould deposits paid
9,767
14,295
Prepaid lease payments
668
677
Available-for-sale investments
4,442
8,548
Tax recoverable
1,376
1,441
Short-term deposits
111,602
213,362
Bank balances and cash
550,688
517,924
1,143,497
1,120,803
Current liabilities
Trade payables
11
270,810
188,658
Other payables and accruals
136,885
122,885
Deferred income
19,252
19,252
Mould deposits received
43,242
41,213
Tax liabilities
41,190
40,734
Secured bank loans - due within one year
5,124
5,124
516,503
417,866
30 September
2017
(Unaudited)
31 March
2017
(Audited)
NOTES
HK$'000
HK$'000
Net current assets
626,994
702,937
Total assets less current liabilities
1,158,861
1,190,318
Non-current liabilities
Deferred tax liabilities
5,170
13,069
Deferred income
8,022
17,649
Secured bank loans - due after one year
38,847
41,409
52,039
72,127
Net assets
1,106,822
1,118,191
Capital and reserves
Share capital
12
33,543
33,543
Reserves
1,073,279
1,084,648
1,106,822
1,118,191
Allan International Holdings Limited published this content on 28 November 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 November 2017 04:11:01 UTC.
Original documenthttp://www.allan.com.hk/upload/ew_00684Ann-28112017.pdf
Public permalinkhttp://www.publicnow.com/view/D221C61E75F9EBEF479DF45A8BAC4F3EF5895D21
Allan International Holdings Limited is a Hong Kong-based investment holding company principally engaged in the manufacture of household electrical appliances. Its products include food processers and mixers, juicers and blenders, deep fryers and kettles, among others. The Company operates through four geographical segments, including Europe, Asia, America and Other Regions.
ALLAN INTERNATIONAL HOLDINGS LIMITED 
