BELLE INTERNATIONAL HOLDINGS LIMITED 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.
BELLE INTERNATIONAL HOLDINGS LIMITED百麗國際控股有限公司
(Incorporated in the Cayman Islands with limited liability) (Stock code: 1880)
ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2016 FINANCIAL HIGHLIGHTS Unaudited Six months ended 31 August 2016 2015Revenue | RMB million | 19,526.0 | 19,359.6 |
Operating profit | RMB million | 2,278.2 | 2,839.7 |
Income tax expense | RMB million | 707.6 | 832.8 |
Profit attributable to the Company's equity holders | RMB million | 1,732.6 | 2,158.1 |
Gross profit margin | % | 53.9 | 56.7 |
Operating profit margin | % | 11.7 | 14.7 |
Profit margin attributable to the Company's equity holders | % | 8.9 | 11.1 |
Earnings per share | |||
− basic | RMB cents | 21.18 | 26.38 |
− diluted | RMB cents | 20.54 | 25.59 |
Interim dividend per share RMB cents 12.00 16.00
INTERIM RESULTSThe board of directors (the "Board" or "Directors") of Belle International Holdings Limited (the "Company") is pleased to announce the unaudited consolidated interim results of the Company and its subsidiaries (collectively, the "Group") for the six months ended 31 August 2016 (the "review period"), together with comparative information for the same period of 2015, as follows:
CONDENSED CONSOLIDATED INCOME STATEMENT FOR THE SIX MONTHS ENDED 31 AUGUST 2016 Unaudited Six months ended 31 AugustNote | 2016 RMB million | 2015 RMB million | |
Revenue | 3 | 19,526.0 | 19,359.6 |
Cost of sales | (9,000.1) | (8,383.4) | |
──────── | ──────── | ||
Gross profit | 10,525.9 | 10,976.2 | |
Selling and distribution expenses | (6,749.2) | (6,615.7) | |
General and administrative expenses | (1,729.0) | (1,701.2) | |
Other income | 4 | 244.2 | 193.3 |
Other expenses | (13.7) | (12.9) | |
──────── | ──────── | ||
Operating profit | 5 | 2,278.2 | 2,839.7 |
--------------- | --------------- | ||
Finance income | 161.7 | 228.1 | |
Finance costs | (0.1) | (94.2) | |
──────── | ──────── | ||
Finance income, net | 6 | 161.6 | 133.9 |
--------------- | --------------- | ||
Share of results of associates and a joint venture | 1.6 | 22.6 | |
--------------- | --------------- | ||
Profit before income tax | 2,441.4 | 2,996.2 | |
Income tax expense | 7 | (707.6) | (832.8) |
──────── | ──────── | ||
Profit for the period | 1,733.8 | 2,163.4 | |
════════ | ════════ | ||
Attributable to: | |||
Equity holders of the Company | 1,732.6 | 2,158.1 | |
Non-controlling interests | 1.2 | 5.3 | |
──────── | ──────── | ||
1,733.8 | 2,163.4 | ||
════════ | ════════ | ||
Earnings per share attributable to equity holders of the Company during the period | 8 | RMB cents | RMB cents |
− basic | 21.18 | 26.38 | |
════════ | ════════ | ||
− diluted | 20.54 | 25.59 | |
════════ | ════════ |
2016 RMB million | 2015 RMB million | |
Profit for the period | 1,733.8 --------------- | 2,163.4 --------------- |
Other comprehensive income/(loss) | ||
Items that may be subsequently reclassified to income statement: | ||
Exchange differences | 169.9 ──────── | (55.8) ──────── |
Other comprehensive income/(loss) for the period | 169.9 --------------- | (55.8) --------------- |
Total comprehensive income for the period | 1,903.7 | 2,107.6 |
════════ | ════════ | |
Attributable to: Equity holders of the Company | 1,902.5 | 2,102.3 |
Non-controlling interests | 1.2 | 5.3 |
──────── | ──────── | |
1,903.7 | 2,107.6 | |
════════ | ════════ |
Unaudited As at 31 August 2016 | Audited As at 29 February 2016 | ||
Note | RMB million | RMB million | |
ASSETS | |||
Non-current assets | |||
Property, plant and equipment | 4,550.2 | 4,561.3 | |
Land use rights | 1,510.1 | 1,525.3 | |
Investment properties | 239.4 | 241.6 | |
Intangible assets | 2,542.2 | 2,582.8 | |
Available-for-sale financial assets | 181.4 | - | |
Interests in associates and a joint venture | 1,049.7 | 946.2 | |
Long-term deposits, prepayments and other assets | 486.2 | 393.4 | |
Deferred income tax assets | 488.1 | 457.7 | |
──────── | ──────── | ||
11,047.3 | 10,708.3 | ||
--------------- | --------------- | ||
Current assets | |||
Inventories | 7,720.6 | 6,877.4 | |
Trade receivables | 10 | 3,410.0 | 4,326.9 |
Deposits, prepayments and other receivables | 1,682.1 | 1,360.7 | |
Structured bank deposits | 1,570.7 | 4,629.8 | |
Term deposits with initial terms of over three months | 3,461.7 | 23.0 | |
Bank balances and cash | 2,597.0 | 3,128.7 | |
──────── | ──────── | ||
20,442.1 | 20,346.5 | ||
--------------- | --------------- | ||
Total assets | 31,489.4 | 31,054.8 | |
════════ | ════════ |
Belle International Holdings Limited published this content on 24 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 October 2016 11:57:00 UTC.
Original documenthttp://www.belleintl.com/uploads/2016/10/241950341893.pdf
Public permalinkhttp://www.publicnow.com/view/A6CDA0DA1DE178CA12B8E0DF90980914F57400BB
