BOCOM INTERNATIONAL HOLDINGS COMPANY 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.
BOCOM INTERNATIONAL HOLDINGS COMPANY LIMITED交 銀 國 際 控 股 有 限 公 司
(Incorporated in Hong Kong with limited liability)
(Stock code: 3329) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2017The Board is pleased to announce the unaudited consolidated interim results of the Group for the six months ended 30 June 2017, together with the comparative figures for the corresponding period in 2016.
CONDENSED CONSOLIDATED INCOME STATEMENT Six months ended 30/6/2017 30/6/2016 Unaudited UnauditedRevenue | Notes 4 | HK$'000 449,733 | HK$'000 398,109 |
Other income | 4 | 15,544 | 12,155 |
Revenue and other income | 465,277 | 410,264 | |
Commission and brokerage expenses | (31,359) | (28,914) | |
Finance costs | 6 | (57,403) | (34,208) |
Staff costs | 6 | (112,194) | (85,982) |
Depreciation | 6 | (3,753) | (4,193) |
Other operating expenses | (116,547) | (85,371) | |
Impairment losses | 5 | (10,966) | (4,968) |
Total expenses | (332,222) | (243,636) | |
Operating profit | 133,055 | 166,628 | |
Share of results of associates | (6,425) | 1,546 | |
Share of results of a joint venture | 5 | - | |
Profit before taxation | 6 | 126,635 | 168,174 |
Income tax expense | 7 | (16,070) | (28,659) |
Profit for the period | 110,565 | 139,515 |
30/6/2017 | 30/6/2016 | |
Unaudited | Unaudited | |
Notes | HK$'000 | HK$'000 |
Shareholders of the Company | 110,976 | 139,515 |
Non-controlling interests | (411) | - |
110,565 139,515
Earnings per share attributable to shareholders of the Company for the period - Basic/Diluted (in HKD per share) 9 0.05 0.07 CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Six months ended 30/6/2017 30/6/2016 Unaudited UnauditedHK$'000 HK$'000
Profit for the period 110,565 139,515Other comprehensive income/(loss) Items that may be reclassified subsequently to profit or loss Changes in fair value of available-for-sale investments | 53,095 | 11,203 |
Amounts reclassified to profit or loss upon disposal of available- | ||
for-sale investments Reclassification gain from transfer of held-to-maturity investments | (5,567) | (10,896) |
to available-for-sale investments | - | 36,782 |
Other comprehensive income, net of tax | 47,528 | 37,089 |
Total comprehensive income | 158,093 | 176,604 |
Attributable to: | ||
Shareholders of the Company | 158,504 | 176,604 |
Non-controlling interests | (411) | - |
158,093 | 176,604 |
Notes | 30/6/2017 Unaudited HK$'000 | 31/12/2016 Audited HK$'000 | |
Assets Non-current Assets Property and equipment | 20,250 | 19,784 | |
Intangible assets | 3,196 | 3,196 | |
Interest in associates | 96,291 | 102,716 | |
Interest in a joint venture | 1,774 | 1,769 | |
Other assets | 31,395 | 28,727 | |
Available-for-sale investments | 4,264,392 | 3,132,641 | |
Deferred tax assets | 657 | 302 | |
Total non-current assets | 4,417,955 | 3,289,135 | |
Current Assets Loans and advances | 10 | 46,464 | - |
Tax recoverable | 24,481 | 20,132 | |
Accounts receivable | 11 | 993,367 | 585,026 |
Other receivables and prepayments | 12 | 70,187 | 75,204 |
Margin loans to customers | 13 | 4,847,522 | 5,123,260 |
Amounts due from related parties | 2,226 | 16,093 | |
Financial assets at fair value through profit or loss | 615,940 | 566,020 | |
Derivative financial assets | 6,190 | 359 | |
Cash and bank balances | 322,093 | 504,054 | |
Total current assets | 6,928,470 | 6,890,148 | |
Total assets | 11,346,425 | 10,179,283 | |
Equity and liabilities Equity attributable to shareholders of the Company Share capital | 3,921,050 | 2,000,000 | |
Retained earnings | 2,106,383 | 1,995,407 | |
Revaluation reserve | 33,767 | (13,761) | |
Total equity attributable to shareholders of the Company | 6,061,200 | 3,981,646 |
Non-controlling interests 4,061 4,472
Total equity 6,065,261 3,986,118BOCOM International Holdings Co. Ltd. published this content on 22 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 August 2017 13:02:04 UTC.
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