CITY DEVELOPMENTS LIMITED General Announcement::Announcements by First Sponsor Group Limited, an associat...
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General Announcement::Announcements by First Sponsor Group Limited, an associate of Millennium & Copthorne Hotels plc
Issuer & Securities
Issuer/ Manager
CITY DEVELOPMENTS LIMITED
Securities CITY DEVELOPMENTS LIMITED - SG1R89002252 - C09
Stapled Security No
Announcement Details
Announcement Title
General Announcement
Date & Time of Broadcast 26-Jul-2017 07:46:30
Status New
Announcement Sub Title Announcements by First Sponsor Group Limited, an associate of Millennium & Copthorne Hotels plc
Announcement Reference SG170726OTHRZ23V
Submitted By (Co./ Ind. Name) Enid Ling Peek Fong
Designation Company Secretary
First Sponsor Group Limited ("FSGL"), an associate of Millennium & Copthorne Hotels plc, has on 26 July 2017 released the following announcements:-
Description (Please provide a detailed description of the event in the box below)
Unaudited Second Quarter and Half Year Financial Statements for the period ended 30 June 2017 together with a press release and investor presentation slides; and
Notice of Books Closure.
For details, please refer to the announcements released by FSGL on the SGX website www.sgx.com.
http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=Announcem...
26/7/2017
Financial Statements and Related Announcement::Half Yearly Results Issuer & Securities
Issuer/ Manager
FIRST SPONSOR GROUP LIMITED
Securities FIRST SPONSOR GROUP LIMITED - KYG3488W1078 - ADN
Stapled Security No
Announcement Details
Announcement Title
Financial Statements and Related Announcement
Date & Time of Broadcast 26-Jul-2017 06:58:00
Status New
Announcement Sub Title Half Yearly Results
Announcement Reference SG170726OTHR8AGO
Submitted By (Co./ Ind. Name) Neo Teck Pheng
Designation Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)
Please see attached.
Additional Details
For Financial Period Ended
Attachments
30/06/2017
FSGL - 2Q2017 Results Announcement.pdf
FSGL - 2Q2017 Investor Presentation.pdf
2Q2017 Press Release.pdf Total size =4675K
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FIRST SPONSOR GROUP LIMITED
(Incorporated in the Cayman Islands) (Registration No. AT-195714)
_
UNAUDITED SECOND QUARTER AND HALF YEAR FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2017
_
PART I - INFORMATION REQUIRED FOR ANNOUNCEMENT OF QUARTERLY (Q1, Q2 & Q3), HALF YEAR AND FULL YEAR RESULTS
1(a) An income statement and statement of comprehensive income, for the group, together with comparative statements for the corresponding period of the immediately preceding financial year.
The Group Second quarter ended 30 June 2017 2016 S$'000 S$'000 | Incr / (Decr) % | The Group Half year ended 30 June 2017 2016 S$'000 S$'000 | Incr / (Decr) % | |
Revenue | 53,923 42,212 | 27.7 | 135,270 87,769 | 54.1 |
Cost of sales | (30,611) (28,167) | 8.7 | (88,549) (59,366) | 49.2 |
Gross profit | 23,312 14,045 | 66.0 | 46,721 28,403 | 64.5 |
Administrative expenses | (4,232) (4,574) | (7.5) | (11,442) (11,827) | (3.3) |
Selling expenses | (1,309) (1,784) | (26.6) | (4,123) (4,508) | (8.5) |
Other (expenses)/income | (6,057) 848 | n.m. | (5,172) (670) | 671.9 |
Other losses Results from operating activities | (46) (50) 11,668 8,485 | (8.0) 37.5 | (46) (54) 25,938 11,344 | (14.8) 128.6 |
Finance income | 4,648 6,522 | (28.7) | 11,200 14,561 | (23.1) |
Finance costs | (2,367) (2,058) | 15.0 | (4,434) (3,932) | 12.8 |
Net finance income | 2,281 4,464 | (48.9) | 6,766 10,629 | (36.3) |
Share of after-tax profit of associates | 418 176 | 137.5 | 918 7,018 | (86.9) |
Profit before tax | 14,367 13,125 | 9.5 | 33,622 28,991 | 16.0 |
Tax expense | (4,889) (4,148) | 17.9 | (10,022) (7,387) | 35.7 |
Profit for the period | 9,478 8,977 | 5.6 | 23,600 21,604 | 9.2 |
Attributable to:
Equity holders of the
Company | 9,368 8,608 | 8.8 | 23,603 20,841 | 13.3 |
Non-controlling interests | 110 369 | (70.2) | (3) 763 | n.m. |
Profit for the period | 9,478 8,977 | 5.6 | 23,600 21,604 | 9.2 |
Earnings per share (cents)
- basic 1.59 1.46 8.8 4.00 3.53 13.3
- diluted 1.59 1.46 8.8 4.00 3.53 13.3
n.m.: not meaningful
Consolidated Statement of Comprehensive Income
The Group The Group
Second quarter ended 30 June
Half year ended 30 June
2017 2016 2017 2016
S$'000 S$'000 S$'000 S$'000
Profit for the period 9,478 8,977 23,600 21,604
Other comprehensive income Items that are or may be
reclassified subsequently to profit or loss:
Share of translation differences on financial statements of
foreign associates, net of tax 188 (566) 99 (608)
Translation differences on financial statements of foreign subsidiaries, net of
tax 3,558 (31,083) (19,568) (66,207)
Translation differences on
monetary items forming part of net investment in foreign subsidiaries, net of tax | 473 | (1,870) | (1,198) | (3,910) |
Other comprehensive income for the period, net of tax | 4,219 | (33,519) | (20,667) | (70,725) |
Total comprehensive income
for the period 13,697 (24,542) 2,933 (49,121)
Total comprehensive income attributable to:
Equity holders of the Company 13,459 (24,508) 3,386 (49,762) Non-controlling interests 238 (34) (453) 641 Total comprehensive income
for the period 13,697 (24,542) 2,933 (49,121)
CDL - City Developments Ltd. published this content on 26 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 July 2017 00:25:02 UTC.
Original documenthttp://media.corporate-ir.net/media_files/IROL/60/60774/CDL_FSGL-07.26.2017.pdf
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