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/ ManagerGENTING SINGAPORE PLC
Securities GENTING SINGAPORE PLC - GB0043620292 - G13 Stapled Security NoAnnouncement Details
Announcement TitleFinancial 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 Ended30/06/2016
AttachmentsGENS 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 June2016 | 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) |
% %
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.
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