GENTING SINGAPORE LIMITED Financial Statements and Related Announcement::First Quarter Results
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Financial Statements and Related Announcement::First Quarter 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 12-May-2017 17:12:33 Status New Announcement Sub Title First Quarter Results Announcement Reference SG170512OTHRILV3 Submitted By (Co./ Ind. Name) Aaron Wee 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 Ended31/03/2017
AttachmentsGENS SGX announcement Q1FY2017.pdf Total size =643K
http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=Announce...
12/05/2017
FINANCIAL STATEMENTS FOR THE FIRST QUARTER ENDED 31 MARCH 2017
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
First Quarter ended 31 March | |||
2017 | 2016 | Change | |
$'000 | $'000 | % | |
Revenue | 586,550 | 608,011 | (4) |
Cost of sales | (325,696) | (436,777) | (25) |
Gross profit | 260,854 | 171,234 | 52 |
Other operating income | 117,396 | 21,119 | >100 |
Administrative expenses | (40,459) | (42,594) | (5) |
Selling and distribution expenses | (12,743) | (13,663) | (7) |
Other operating expenses | (63,505) | (53,980) | 18 |
Operating profit | 261,543 | 82,116 | >100 |
Finance costs | (9,180) | (14,010) | (34) |
Share of results of joint ventures and associate | 928 | (1,474) | NM |
Profit before taxation | 253,291 | 66,632 | >100 |
Taxation | (43,122) | (26,403) | 63 |
Net profit for the financial period | 210,169 | 40,229 | >100 |
Other comprehensive (loss)/income, may be reclassified subsequently to profit or loss: | |||
Available-for-sale financial assets | |||
- Fair value loss | (4,647) | (20,867) | (78) |
- Reclassification to profit or loss | 4,621 | 9,943 | (54) |
Foreign currency exchange differences | 10 | (1,600) | NM |
Reclassification of foreign currency exchange differences | (9,855) | - | NM |
Other comprehensive loss for the financial period, net of tax | (9,871) | (12,524) | (21) |
Total comprehensive income for the financial period | 200,298 | 27,705 | >100 |
NM: Not meaningful
STATEMENT OF COMPREHENSIVE INCOME (CONT'D)
First Quarter ended 31 March | |||
2017 | 2016 | Change | |
$'000 | $'000 | % | |
Net profit attributable to: | |||
- Ordinary shareholders of the Company | 181,104 | 10,841 | >100 |
- Holders of perpetual capital securities | 29,065 | 29,388 | (1) |
210,169 | 40,229 | >100 | |
Total comprehensive income/(loss) attributable to: | |||
- Ordinary shareholders of the Company | 171,233 | (1,683) | NM |
- Holders of perpetual capital securities | 29,065 | 29,388 | (1) |
200,298 | 27,705 | >100 | |
First Quarter ended 31 March | |||
2017 | 2016 | Change | |
% | |||
Earnings per share attributable to ordinary shareholders of the Company | |||
Basic (Singapore cents) | 1.51 | 0.09 | >100 |
Diluted (Singapore cents) | 1.50 | 0.09 | >100 |
NM: Not meaningful
1(a)(ii) Included in the profit before taxation for the financial period are the following charges and credits:
First Quarter ended 31 March | ||||
2017 | 2016 | Change | ||
$'000 | $'000 | % | ||
Property, plant and equipment: | ||||
- Depreciation | (64,339) | (71,057) | (9) | |
- Net gain on disposal | 16 | 21 | (24) | |
- Written off | (3,315) | (511) | >100 | |
Amortisation of: | ||||
- Intangible assets | (5,910) | (5,565) | 6 | |
- Borrowing costs | (2,675) | (2,814) | (5) | |
Share-based payment | (2,740) | (2,991) | (8) | |
Impairment on trade receivables | (14,988) | (92,421) | (84) | |
Gain on disposal of assets and liabilities classified as held for sale | 96,285 | - | NM | |
Impairment on available-for-sale financial assets | - | (9,943) | (100) | |
Loss on disposal of available-for-sale financial assets, net of transaction costs | (4,631) | - | NM | |
Inventory write-down | (78) | (47) | 66 | |
Finance charges | (6,505) | (11,196) | (42) | |
Net foreign exchange loss | (55,554) | (43,525) | 28 | |
Interest income | 19,430 | 21,097 | (8) | |
NM: Not meaningful
Genting Singapore plc published this content on 12 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 May 2017 10:29:21 UTC.
Original documenthttp://media.corporate-ir.net/media_files/IROL/15/154917/2017.05.12/20170512 - GENS SGX ANNOUNCEMENT Q1FY17 RESULTS 31 MARCH 2017.pdf
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