EZION HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. 199904364E)
UPDATE OF THE SECOND QUARTER FINANCIAL STATEMENT AND DIVIDEND ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2016The Board of Directors of Ezion Holdings Limited (the "Company", together with its subsidiaries, the "Group") refers to the Company's announcement dated 11 August 2016 relating to the Company's second quarter financial statement and dividend announcement for the six months ended 30 June 2016.
An associated company has provided for additional impairment of property, plant and equipment and intangible assets from the period where the management accounts of the associated company was furnished to the Company as compared to the release of the associated company's result announcement.
Following the release of the full year results announcement of the associated company on 29 August 2016, the Group's share of results of associates and jointly controlled entities (net of tax) will decrease by approximately US$11,708,000 (the Company: impairment in associate amounting to approximately US$7,656,000).
This will result in the following:
Financial statement caption | Original results | Updated results |
US$ '000 | US$ '000 | |
The Group | ||
Profit after tax (3 months ended 30 June 2016) | 19,844 | 8,136 |
Profit after tax (6 months ended 30 June 2016) | 35,332 | 23,624 |
Total Assets | 3,081,895 | 3,070,557 |
Total Equity | 1,287,615 | 1,276,277 |
The Company | ||
Total Assets | 1,625,195 | 1,617,539 |
Total Equity | 752,770 | 745,114 |
Subsequent to the above adjustments, the Group's and Company's carrying amount of the investment of the associated company amounted to approximately US$6,749,000 respectively.
By Order of the Board
Cheah Boon Pin Company Secretary 30 August 2016
Ezion Holdings Limited published this content on 30 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 August 2016 23:28:14 UTC.
Original documenthttp://ezion.listedcompany.com/newsroom/20160830_072002_5ME_QAHSNKQ68YICICXQ.1.pdf
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