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.

ESPRIT HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability)

STOCK CODE: 00330

INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2016 INTERIM RESULTS

The board of directors (the "Board") of Esprit Holdings Limited (the "Company") announces the unaudited condensed consolidated interim financial information, along with selected explanatory notes, of the Company and its subsidiaries (the "Group" or "Esprit") for the six months ended 31 December 2016 as follows:

Condensed consolidated income statement Unaudited for the 6 months ended 31 December 2016 2015

Notes HK$ million HK$ million

Revenue

2

8,323

9,315

Cost of goods sold

(3,952)

(4,615)

Gross profit

─────────

4,371

─────────

4,700

Staff costs

(1,491)

(1,616)

Occupancy costs

(1,276)

(1,428)

Logistics expenses

(473)

(516)

Marketing and advertising expenses

(402)

(535)

Depreciation

Impairment of property, plant and equipment

(260)

(2)

(302)

(4)

Write-back of provision for store closures

and leases, net 4 51

Other operating costs

(484)

─────────

(597)

─────────

Operating loss (LBIT)

3

(13)

(247)

Interest income

19

21

Finance costs

4

(19)

(16)

Loss before taxation

─────────

(13)

─────────

(242)

Taxation credit

5

74

4

Profit/(loss) attributable to

─────────

─────────

shareholders of the Company

61

(238)

═════════

═════════

Earnings/(loss) per share

- Basic and diluted

7

HK$0.03

HK$(0.12)

═════════

═════════

Condensed consolidated statement of comprehensive income Profit/(loss) attributable to Unaudited for the 6 months ended 31 December 2016 2015 HK$ million HK$ million shareholders of the Company 61 (238)

-------------------- --------------------

Other comprehensive income Items that may be reclassified subsequently to profit or loss:

Fair value gain/(loss) on cash flow hedge,

net of tax

171

(21)

Exchange translation

(339)

(415)

─────────

(168)

─────────

(436)

--------------------

--------------------

Total comprehensive income for the period attributable to shareholders of the Company, net of tax

(107)

(674)

═════════

═════════

Condensed consolidated statement of financial position

Notes

Unaudited 31 December

2016

HK$ million

Audited 30 June

2016

HK$ million

Non-current assets

Intangible assets

2,812

2,902

Property, plant and equipment

8

1,853

2,159

Investment properties

19

19

Other investments

7

7

Debtors, deposits and prepayments

250

220

Deferred tax assets

620

745

────────

5,561

────────

6,052

Current assets

────────

────────

Inventories

2,656

2,745

Debtors, deposits and prepayments

9

1,666

1,571

Tax receivable

393

331

Cash, bank balances and deposits

10

4,548

5,341

────────

9,263

────────

9,988

------------------

------------------

Current liabilities

Creditors and accrued charges

11

2,705

3,495

Provision for store closures and leases

12

455

604

Tax payable

47

60

────────

3,207

---------------

────────

4,159

---------------

Net current assets

6,056

5,829

────────

────────

Total assets less current liabilities

11,617

11,881

════════

════════

Equity

Share capital

13

194

194

Reserves

11,088

11,203

Total equity

Non-current liabilities

────────

11,282

---------------

────────

11,397

---------------

Deferred tax liabilities

335

---------------

484

---------------

11,617

11,881

════════

════════

Esprit Holdings Limited published this content on 22 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 February 2017 08:41:03 UTC.

Original documenthttp://www.esprit.com/index.php?command=ItemDownload&class=Esprit_Model_IR_DocAttachment&identity=1159

Public permalinkhttp://www.publicnow.com/view/1451078519B59349AB6B5AA686F3BE38DD26E714