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.

DYNAMIC HOLDINGS LIMITED

達 力 集 團 有 限 公 司

(Incorporated in Bermuda with limited liability)

(Stock Code: 029) ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 30 JUNE 2016 RESULTS

The board of directors (the "Directors") of Dynamic Holdings Limited (the "Company") is pleased to announce that the audited consolidated results of the Company and its subsidiaries (the "Group") for the year ended 30 June 2016 together with comparative figures for the previous year are as follows:

Consolidated Statement of Profit or Loss and Other Comprehensive Income Year ended 30 June

Notes

2016

HK$'000

2015

HK$'000

Revenue

3

103,870

103,437

Direct costs

(19,899)

(20,981)

Gross profit

83,971

82,456

Other gains or losses

4

6,266

23,648

Increase in fair value of investment properties

83,076

57,224

Administrative expenses

(25,698)

(23,682)

Selling expenses

(792)

(479)

Finance costs

5

(4,243)

(4,791)

Share of loss of a joint venture

(9,812)

(12,020)

Profit before taxation

132,768

122,356

Taxation

6

(36,652)

(18,891)

Profit for the year

96,116

103,465

Other comprehensive (expense) income for the year

Item that will not be reclassified subsequently to profit or loss:

Exchange differences on translation to presentation currency

(164,681)

13,092

Total comprehensive (expense) income for the year

(68,565)

116,557

Year ended 30 June

Note

2016

HK$'000

2015

HK$'000

Profit for the year attributable to: Owners of the Company

95,085

101,586

Non-controlling interests

1,031

1,879

96,116

103,465

Total comprehensive (expense) income

attributable to:

Owners of the Company

(66,749)

114,451

Non-controlling interests

(1,816)

2,106

(68,565)

116,557

Earnings per share (Hong Kong cents)

Basic

8

42.7

46.3

Diluted

40.7

43.5

Consolidated Statement of Financial Position

At 30 June

Notes

2016

HK$'000

2015

HK$'000

Non-current Assets

Property, plant and equipment

1,743

2,012

Investment properties

9

1,926,240

2,000,101

Interest in a joint venture

10

71,570

94,467

Amount due from a joint venture

10

235,184

239,924

Pledged bank deposits

-

2,278

2,234,737

2,338,782

Current Assets

Properties held for sale

15,947

17,440

Loan receivables

Trade and other receivables

11

- 17,589

- 14,815

Amount due from a non-controlling shareholder

895

970

Pledged bank deposits

14,249

5,210

Fixed bank deposits

161,121

167,844

Bank balances and cash

83,598

84,985

293,399

291,264

Current Liabilities

Trade and other payables

12

61,670

62,206

Tax payable

96,800

102,231

Bank loans - due within one year

149,593

7,600

308,063

172,037

Net Current (Liabilities) Assets

(14,664)

119,227

Total Assets less Current Liabilities

2,220,073

2,458,009

At 30 June

2016

HK$'000

2015

HK$'000

Capital and Reserves

Share capital

224,419

219,404

Reserves

1,677,927

1,755,390

Equity attributable to owners of the Company

1,902,346

1,974,794

Non-controlling interests

34,154

36,572

Total Equity

1,936,500

2,011,366

Non-current Liabilities

Bank loans - due after one year

-

164,592

Deferred tax liabilities

283,573

282,051

283,573

446,643

2,220,073

2,458,009

Dynamic Holdings Limited published this content on 30 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 September 2016 13:28:07 UTC.

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