FIRST PACIFIC COMPANY LIMITED 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.
OVERSEAS REGULATORY ANNOUNCEMENT Please refer to the attached filings made by Indofood Agri Resources Ltd. to the Singapore Stock Exchange, in relation to (i) Unaudited Financial Statements for the first quarter ended 31 March 2017; and (ii) Press Release for the 1Q2017 Results. Dated this the 28th day of April, 2017As at the date of this announcement, the board of directors of First Pacific Company Limited comprises the following directors:
Executive Directors:
Manuel V. Pangilinan, Managing Director and CEO
Edward A. Tortorici Robert C. Nicholson
Non-executive Directors: Anthoni Salim, Chairman Benny S. Santoso
Tedy Djuhar
Ambassador Albert F. del Rosario
Independent Non-executive Directors: Prof. Edward K.Y. Chen, GBS, CBE, JP Margaret Leung Ko May Yee, SBS, JP Philip Fan Yan Hok
Madeleine Lee Suh Shin
4/28/2017 Financial Statements and Related Announcement::First Quarter Results
Issuer/ Manager | INDOFOOD AGRI RESOURCES LTD. |
Securities | INDOFOOD AGRI RESOURCES LTD. SG1U47933908 5JS |
Stapled Security | No |
Announcement Title | Financial Statements and Related Announcement |
Date & Time of Broadcast | 28Apr2017 06:07:45 |
Status | New |
Announcement Sub Title | First Quarter Results |
Announcement Reference | SG170428OTHRDB72 |
Submitted By (Co./ Ind. Name) | Mak Mei Yook |
Designation | Company Secretary |
Description (Please provide a detailed description of the event in the box below Refer to the Online help for the format) | IndoAgri's 1Q 2017 Results and Press Release Please see attached. |
For Financial Period Ended | 31/03/2017 |
Attachments | IFAR1Q17Result.pdf IFAR1Q17Press.pdfTotal size =215K |
Like 0
Tweet 0
Share
UNAUDITED FINANCIAL STATEMENTS FOR THE FIRST QUARTER ENDED 31 MARCH 2017 1(a)(i) A comprehensive income statement (for the group) together with a comparative statement for the corresponding period of the immediately preceding financial year.Group | |||
31/03/2017 | 31/03/2016 | Change | |
Revenue | Rp ' million 4,400,811 | Rp ' million 3,147,023 | % 39.8 |
Cost of sales | (3,344,176) | (2,620,135) | 27.6 |
Gross Profit | 1,056,635 | 526,888 | 100.5 |
Gross Profit % | 24.0% | 16.7% | |
Selling and distribution expenses | (152,514) | (134,040) | 13.8 |
General and administrative expenses | (212,537) | (209,647) | 1.4 |
Foreign exchange gain | 23,131 | 120,941 | (80.9) |
Other operating income | 23,587 | 16,245 | 45.2 |
Other operating expenses | (29,654) | (42,822) | (30.8) |
Share of results of associate companies | (249) | (5,040) | (95.1) |
Share of results of a joint venture | (43,135) | (47,841) | (9.8) |
Profit from operations before biological assets (loss)/ gain | 665,264 | 224,684 | 196.1 |
(Loss)/ gain arising from changes in fair value of biological assets | (47,459) | 83,972 | n/m |
Profit from operations after biological assets (loss)/ gain | 617,805 | 308,656 | 100.2 |
Financial income | 25,142 | 24,157 | 4.1 |
Financial expenses | (160,179) | (166,075) | (3.6) |
Profit before tax | 482,768 | 166,738 | 189.5 |
Income tax expense | (153,794) | (70,879) | 117.0 |
Net Profit for the period | 328,974 | 95,859 | 243.2 |
Core net profit/ (loss) after tax (1) | 344,757 | (68,129) | n/m |
Profit attributable to: Owners of the Company | 170,567 | 94,965 | 79.6 |
Non-controlling interests | 158,407 | 894 | n/m |
328,974 | 95,859 | 243.2 | |
n.m. denotes "Not Meaningful" |
Notes
(1) Earnings before accounting for the effects of foreign exchange and changes in the fair value of biological assets.
Group | |||
31/03/2017 | 31/03/2016 | Change | |
Other comprehensive income (OCI): | Rp ' million | Rp ' million | % |
Items that may be reclassified subsequently to profit or loss | |||
Foreign currency translation | 9,463 | 1,109 | n/m |
Items that will not be reclassified to profit or loss Re-measurement (loss)/ gain on employee benefits liability | (967) | 12,572 | n/m |
Other comprehensive gain for the period, net of tax | 8,496 | 13,681 | (37.9) |
Total comprehensive income | 337,470 | 109,540 | 208.1 |
Total comprehensive income attributable to:- | |||
- Owners of the Company | 179,707 | 103,336 | 73.9 |
- Non-controlling interests | 157,763 | 6,204 | n/m |
337,470 | 109,540 | 208.1 |
n.m. denotes "Not Meaningful"
Additional Information:-
Earnings before interests and tax expense, depreciation and amortisation, and (loss)/ gain arising from changes in fair value of biological assets ("EBITDA")
Group | |||
31/03/2017 | 31/03/2016 | Change | |
Profit from operations | Rp ' million 617,805 | Rp ' million 308,656 | % 100.2 |
Add: Depreciation & amortisation | 317,324 | 302,998 | 4.7 |
EBITDA includes foreign exchange gain | 982,588 | 527,682 | 86.2 |
Less: Foreign exchange gain | 23,131 | 120,941 | (80.9) |
EBITDA excludes foreign exchange gain | 959,457 | 406,741 | 135.9 |
EBITDA% | 21.8 | 12.9 |
Less: (Loss)/ gain arising from changes in fair value of biological assets
(47,459) 83,972 n/m
First Pacific Company Limited published this content on 28 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 April 2017 23:59:14 UTC.
Original documenthttp://www.firstpacific.com/media/normal/15960_LTN20170428201.pdf
Public permalinkhttp://www.publicnow.com/view/DC96A1BBB3A5A0407DAB835A031845B8B5E8EFF7
