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.
DAPHNE INTERNATIONAL HOLDINGS LIMITED 達 芙 妮 國 際 控 股 有 限 公 司*(Incorporated in the Cayman Islands with limited liability) (Stock code: 210)
INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2016FINANCIAL HIGHLIGHTS |
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* for identification purpose only
INTERIM RESULTSThe board of directors of Daphne International Holdings Limited (the "Company") announces the unaudited condensed consolidated interim results of the Company and its subsidiaries (together the "Group") for the six months ended 30 June 2016, together with the comparative figures for the corresponding period in 2015.
CONDENSED CONSOLIDATED INCOME STATEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2016
Unaudited
Note | 2016 | 2015 | |
HK$'000 | HK$'000 | ||
Turnover | 3 | 3,400,845 | 4,374,270 |
Cost of sales | (1,516,637) | (1,719,673) | |
───────── | ───────── | ||
Gross profit | 1,884,208 | 2,654,597 | |
Other income | 4 | 48,419 | 27,118 |
Other losses - net | 5 | (20,720) | (27,248) |
Selling and distribution expenses | (1,990,748) | (2,433,638) | |
General and administrative expenses | (170,619) | (209,807) | |
───────── | ───────── | ||
Operating (loss)/profit | 6 | (249,460) | 11,022 |
Finance costs | 7 | (3,393) | (8,460) |
Share of loss of associates and joint ventures | (797) | (1,571) | |
───────── | ───────── | ||
(Loss)/profit before income tax | (253,650) | 991 | |
Income tax credit | 8 | 83,701 | 7,954 |
───────── | ───────── | ||
(Loss)/profit for the period | (169,949) | 8,945 | |
═════════ | ═════════ | ||
Attributable to: | |||
Owners of the Company | (163,596) | 2,534 | |
Non-controlling interests | (6,353) | 6,411 | |
───────── | ───────── | ||
(169,949) | 8,945 | ||
═════════ | ═════════ | ||
(Loss)/earnings per share, basic and diluted (HK cents) | 9 | (9.9) | 0.2 |
═════════ | ═════════ |
Six months ended 30 June
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED 30 JUNE 2016
Unaudited
2016 | 2015 | |
HK$'000 | HK$'000 | |
(Loss)/profit for the period | (169,949) | 8,945 |
Other comprehensive (loss)/income | ||
Item that may be reclassified subsequently to profit or loss: | ||
Currency translation differences | 289 | 214 |
Item that will not be reclassified subsequently to profit or loss: | ||
Currency translation differences | (94,391) | (184) |
──────── | ──────── | |
Total comprehensive (loss)/income for the period | (264,051) | 8,975 |
════════ | ════════ | |
Attributable to: | ||
Owners of the Company | (255,451) | 2,893 |
Non-controlling interests | (8,600) | 6,082 |
─────── | ─────── | |
(264,051) | 8,975 | |
════════ | ═════════ |
Six months ended 30 June
CONDENSED CONSOLIDATED BALANCE SHEET AS AT 30 JUNE 2016
Note | Unaudited 30 June 2016 | Audited 31 December 2015 | |
HK$'000 | HK$'000 | ||
Non-current assets | |||
Intangible assets | 63,118 | 66,715 | |
Land use rights | 77,150 | 80,136 | |
Property, plant and equipment | 1,062,742 | 1,190,401 | |
Interests in associates | 1,941 | 2,007 | |
Interests in joint ventures | 1,020 | 2,028 | |
Available-for-sale financial asset | 374 | 374 | |
Deposits paid for acquisition of land use rights and property, plant and equipment | 117 | 119 | |
Long-term rental deposits and prepayments | 116,635 | 125,287 | |
Deferred income tax assets | 414,524 | 334,136 | |
────── | ────── | ||
1,737,621 | 1,801,203 | ||
------------- | ------------- | ||
Current assets | |||
Inventories | 1,769,040 | 2,091,619 | |
Trade receivables | 11 | 276,895 | 237,874 |
Other receivables, deposits and prepayments | 1,264,530 | 1,475,031 | |
Income tax recoverable | 63,241 | 65,886 | |
Derivative financial instruments | 5,019 | 15,919 | |
Pledged bank deposits | 818 | 3,225 | |
Bank deposit with maturity over three months | 17,535 | - | |
Cash and cash equivalents | 573,851 | 1,072,401 | |
────── | ────── | ||
3,970,929 | 4,961,955 | ||
------------- | ------------- | ||
Current liabilities | |||
Trade payables | 12 | 616,756 | 982,616 |
Other payables and accrued charges | 350,715 | 442,053 | |
Current income tax liabilities | 29,836 | 50,387 | |
Bank loans - unsecured | 304,551 | 620,792 | |
────── | ────── | ||
1,301,858 | 2,095,848 | ||
------------- | ------------- | ||
Net current assets | 2,669,071 | 2,866,107 | |
------------- | ------------- | ||
Total assets less current liabilities | 4,406,692 | 4,667,310 | |
═══════ | ═══════ |
Daphne International Holdings Limited published this content on 23 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 August 2016 09:54:02 UTC.
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