Financial Statements and Related Announcement::Second Quarter and/ or Half Yearly...

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Financial Statements and Related Announcement::Second Quarter and/ or Half Yearly Results Issuer & Securities

Issuer/ Manager

GENTING SINGAPORE PLC

Securities GENTING SINGAPORE PLC - GB0043620292 - G13 Stapled Security No

Announcement Details

Announcement Title

Financial Statements and Related Announcement

Date & Time of Broadcast 04-Aug-2016 17:13:03 Status New Announcement Sub Title Second Quarter and/ or Half Yearly Results Announcement Reference SG160804OTHRZAPM Submitted By (Co./ Ind. Name) Joscelyn Tan Designation Company Secretary Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)

Please see attached.

Additional Details

For Financial Period Ended

30/06/2016

Attachments

GENS SGX Announcement Q2FY16.pdf Total size =761K

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04/08/2016

FINANCIAL STATEMENTS FOR THE SECOND QUARTER AND SIX MONTHS ENDED 30 JUNE 2016 PART I - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1, Q2 & Q3), HALF AND FULL YEAR ANNOUNCEMENTS 1(a)(i) A statement of comprehensive income (for the Group) together with a comparative statement for the corresponding period of the immediately preceding financial year. STATEMENT OF COMPREHENSIVE INCOME Second Quarter ended 30 June Half Year ended 30 June

2016

2015

Change

2016

2015

Change

%

00

%

Revenue

480,894

578,145

(17)

1,088,905

1,217,385

(11)

Cost of sales

(388,281)

(403,059)

(4)

(825,058)

(859,957)

(4)

Gross profit

92,613

175,086

(47)

263,847

357,428

(26)

Other operating income

21,457

16,338

31

42,576

67,338

(37)

Fair value loss on derivative

financial instruments - (95,043) (100) - (213,053) (100)

Administrative expenses (40,249) 54,698 NM (82,843) 3,817 NM

- und

-

102,742

(100)

-

102,742

(100)

- Others

(40,249)

(48,044)

(16)

(82,843)

(98,925)

(16)

Selling and distribution expenses

(13,761)

(16,177)

(15)

(27,424)

(28,018)

(2)

Other operating expenses

(12,872)

(85,522)

(85)

(66,852)

(8,040)

>100

Operating profit

47,188

49,380

(4)

129,304

179,472

(28)

Finance costs

(11,885)

(14,160)

(16)

(25,895)

(25,504)

2

Share of results of joint ventures

and associate

(3,579)

(2,035)

76

(5,053)

(863)

>100

Profit before taxation

31,724

33,185

(4)

98,356

153,105

(36)

Taxation

(12,872)

(20,723)

(38)

(39,275)

(48,917)

(20)

Net profit for the financial period

18,852

12,462

51

59,081

104,188

(43)

NM: Not meaningful

STATEMENT OF COMPREHENSIVE IN Second Quarter ended 30 June Half Year ended 30 June 2016 2015 Change 2016 2015 Change

% %

Other comprehensive (loss)/income, may be reclassified subsequently to profit or loss:

Available-for-sale financial assets

- Fair value loss (5,801) (23,058) (75) (26,668) (42,286) (37)

- Reclassification to profit or loss 49 - NM 9,992 (1,059) NM

Foreign currency exchange differences (5,837) (2,033) >100 (7,437) 735 NM

Reclassification of foreign currency

exchange differences - 394 (100) - (130) (100)

Other comprehensive loss for the

financial period, net of tax (11,589) (24,697) (53) (24,113) (42,740) (44)

Total comprehensive income/(loss) for the financial period 7,263 (12,235) NM 34,968 61,448 (43) Net (loss)/profit attributable to:

- Ordinary shareholders of the Company (10,536) (16,926) (38) 305 45,735 (99)

- Holders of perpetual capital securities 29,388 29,388 - 58,776 58,453 1

18,852 12,462 51 59,081 104,188 (43)

attributable to:

- Ordinary shareholders of the Company

(22,125)

(41,623)

(47)

(23,808)

2,995

NM

- Holders of perpetual capital securities

29,388

29,388

-

58,776

58,453

1

7,263

(12,235)

NM

34,968

61,448

(43)

Total comprehensive (loss)/income Second Quarter ended 30 June Half Year ended 30 June (Loss)/earnings per share attributable to ordinary shareholders of the Company 2016 2015 Change 2016 2015 Change

% %

Basic (Singapore cents) (0.09) (0.14) (36) 0.00 0.38 (100)

Diluted (Singapore cents) (0.09) (0.14) (36) 0.00 0.38 (100) NM: Not meaningful

1(a)(ii) Included in the profit before taxation for the financial period/year are the following charges and credits:

Second Quarter ended Half Year ended 30 June 30 June

2016

2015

Change

2016

2015

Change

%

%

Property, plant and equipment:

- depreciation

(67,729)

(68,366)

(1)

(138,786)

(171,268)

(19)

- net (loss)/gain on disposal

-

(88)

(100)

21

(110)

NM

- written off

(1,668)

(2,114)

(21)

(2,179)

(8,685)

(75)

Amortisation of:

- intangible assets

(5,866)

(4,868)

21

(11,431)

(9,769)

17

- borrowing costs

(2,694)

(3,154)

(15)

(5,508)

(5,252)

5

Share-based payment

(3,488)

(7,063)

(51)

(6,479)

(10,659)

(39)

Impairment loss on trade receivables

(53,560)

(56,606)

(5)

(145,981)

(132,883)

10

Impairment on available-for-sale financial assets

-

-

NM

(9,943)

-

NM

Inventory write-down

(33)

(38)

(13)

(80)

(73)

10

Finance charges

(9,191)

(11,006)

(16)

(20,387)

(20,252)

1

Fair value loss on derivative financial instruments

-

(95,043)

(100)

-

(213,053)

(100)

Net exchange (loss)/gain

(11,141)

(84,037)

(87)

(54,666)

35,296

NM

(Loss)/gain on disposal of available-for- sale financial assets, net of transaction costs

(63)

-

NM

(63)

1,049

NM

Dividend income

-

1,553

(100)

-

1,553

(100)

Interest income

21,416

14,749

45

42,513

28,551

49

NM: Not meaningful

Genting Singapore plc published this content on 04 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 August 2016 09:50:01 UTC.

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