DIRECTEL HOLDINGS LIMITED

直 通 電 訊 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability) (Stock Code: 8337)

INTERIM REPORT 2017 CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ("GEM") OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors. Given the emerging nature of companies listed on GEM, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board and no assurance is given that there will be a liquid market in the securities traded on GEM.

Hong Kong Exchanges and Clearing Limited and the Stock Exchange take no responsibility for the contents of this report, 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 report.

This report, for which the directors (the "Director(s)") of Directel Holdings Limited (the "Company") collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of the Stock Exchange (the "GEM Listing Rules") for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief: (1) the information contained in this report is accurate and complete in all material respects and not misleading or deceptive; and (2) there are no other matters the omission of which would make any statement herein or this report misleading.

HIGHLIGHTS

  • Revenue for the six months ended 30 June 2017 was approximately

HK$3,066,000, representing a decrease of approximately 17.7% as compared with the corresponding period in 2016.

  • Loss attributable to shareholders of the Company for the six months ended

30 June 2017 was approximately HK$6,739,000, representing a decrease of approximately 55.5% as compared with the corresponding period in 2016.

  • The Board does not recommend the payment of any dividend for the six

months ended 30 June 2017.

UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017

The board of Directors (the "Board") of the Company hereby announces the unaudited consolidated financial statements of the Company and its subsidiaries (together referred to as the "Group") for the three months and the six months ended 30 June 2017 together with the unaudited comparative figures for the respective corresponding period in 2016 as follows:

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the three months ended 30 June

For the six months ended 30 June

2017

2016

2017

2016

HK$'000

HK$'000

HK$'000

HK$'000

Note

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

Revenue

5

1,622

2,242

3,066

3,726

Cost of sales

(2,089)

(3,380)

(4,935)

(6,663)

Gross loss

(467)

(1,138)

(1,869)

(2,937)

Other income

6(a)

128

387

251

958

Other net profit/(loss)

6(b)

140

(2,710)

589

(2,103)

Administrative and other operating expenses

(2,847)

(3,121)

(5,710)

(6,153)

Provision for impairment loss on trade receivables

-

(2,486)

-

(4,900)

Loss before taxation

7

(3,046)

(9,068)

(6,739)

(15,135)

Income tax

8

-

-

-

-

Loss for the period attributable to equity shareholders

of the Company

(3,046)

(9,068)

(6,739)

(15,135)

Other comprehensive income for the period, net of income tax:

Item that may be reclassified subsequently to profit or loss:

Available-for-sale financial asset: net change in fair value

185

-

49

-

Total comprehensive loss for

the period attributable to equity shareholders of the Company

(2,861)

(9,068)

(6,690)

(15,135)

Loss per share

10

- Basic and diluted (HK cents)

(0.10)

(0.29)

(0.22)

(0.49)

Directel Holdings Limited published this content on 11 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 August 2017 01:05:05 UTC.

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