Financial Statements and Related Announcement::Third Quarter Results

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Financial Statements and Related Announcement::Third Quarter 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 06-Nov-2017 17:08:06 Status New Announcement Sub Title Third Quarter Results Announcement Reference SG171106OTHRGJ7F 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 Ended

30/09/2017

Attachments

GENS SGX Announcement Q3FY17 RESULTS 30 SEPTEMBER 2017.pdf Total size =760K

http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=Announce...

06/11/2017

FINANCIAL STATEMENTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 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

Third Quarter ended 30 September Nine Months ended 30 September

2017

2016

Change

2017

2016

Change

$'000

$'000

%

$'000

$'000

%

Revenue

629,871

581,485

8

1,812,496

1,670,390

9

Cost of sales

(325,524)

(366,807)

(11)

(972,528)

(1,191,865)

(18)

Gross profit

304,347

214,678

42

839,968

478,525

76

Other operating income

19,103

27,888

(32)

157,573

65,304

>100

Administrative expenses

(40,611)

(43,228)

(6)

(120,559)

(126,071)

(4)

Selling and distribution expenses

(16,829)

(13,041)

29

(43,010)

(40,465)

6

Other operating expenses

(39,926)

(4,083)

>100

(120,738)

(65,775)

84

Operating profit

226,084

182,214

24

713,234

311,518

>100

Finance costs

(8,790)

(9,836)

(11)

(26,772)

(35,731)

(25)

Share of results of joint ventures and associate

734

3,287

(78)

2,739

(1,766)

NM

Profit before taxation

218,028

175,665

24

689,201

274,021

>100

Taxation

(49,334)

(39,098)

26

(137,631)

(78,373)

76

Net profit for the financial period

168,694

136,567

24

551,570

195,648

>100

Other comprehensive (loss)/income,

may be reclassified subsequently to profit or loss:

Available-for-sale financial assets

- Fair value (loss)/gain

(74)

1,069

NM

(6,382)

(25,599)

(75)

- Reclassification to profit or loss

-

(1,684)

(100)

4,621

8,308

(44)

67

9,716

(99)

eclassification of foreign currency

exchange differences

-

-

-

(9,859)

-

NM

financial period, net of tax (43) 16,538 NM

(11,553)

(7,575)

53

otal comprehensive income for the financial period

168,651

153,105

10

540,017

188,073

>100

Foreign currency exchange differences 31 17,153 (100)

R

Other comprehensive (loss)/income for the

T

NM: Not meaningful

STATEMENT OF COMPREHENSIVE INCOME (CONT'D)

Third Quarter ended 30 September

Nine Months ended 30 September

2017

2016

Change

2017

2016

Change

$'000

$'000

%

$'000

$'000

%

Net profit attributable to:

- Ordinary shareholders of the Company

143,785

106,856

35

468,208

107,161

>100

- Holders of perpetual capital securities

24,909

29,711

(16)

83,362

88,487

(6)

168,694

136,567

24

551,570

195,648

>100

Total comprehensive income attributable to:

- Ordinary shareholders of the Company

143,742

123,394

16

456,655

99,586

>100

- Holders of perpetual capital securities

24,909

29,711

(16)

83,362

88,487

(6)

168,651

153,105

10

540,017

188,073

>100

Third Quarter ended 30 September

Nine Months ended 30 September

2017

2016

Change

2017

2016

Change

%

%

Earnings per share attributable to ordinary shareholders of the Company

Basic (Singapore cents)

1.20

0.89

35

3.89

0.89

>100

Diluted (Singapore cents)

1.19

0.89

34

3.89

0.89

>100

NM: Not meaningful

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

Third Quarter ended 30 September

Nine Months ended 30 September

2017

2016

Change

2017

2016

Change

$'000

$'000

%

$'000

$'000

%

Property, plant and equipment:

- Depreciation

(63,083)

(67,642)

(7)

(190,826)

(206,428)

(8)

- Net gain/(loss) on disposal

149

(17)

NM

300

4

>100

- Written off

(352)

(477)

(26)

(5,423)

(2,656)

>100

- Impairment

(3,825)

(761)

>100

(3,825)

(761)

>100

Amortisation of:

- Intangible assets

(5,937)

(5,880)

1

(17,769)

(17,311)

3

- Borrowing costs

(2,516)

(2,805)

(10)

(7,706)

(8,312)

(7)

Share-based payment

(2,687)

(3,626)

(26)

(8,206)

(10,105)

(19)

Impairment on trade receivables

(13,987)

(50,225)

(72)

(43,639)

(196,206)

(78)

Gain on disposal of assets and liabilities classified as held for sale

-

-

-

96,285

-

NM

Impairment on asset classified as held for sale

-

(2,827)

(100)

-

(2,827)

(100)

Impairment on available-for-sale financial assets

-

-

-

-

(9,943)

(100)

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

-

1,684

(100)

(4,631)

1,621

NM

Inventory write-down

(63)

(44)

43

(170)

(124)

37

Finance charges

(6,274)

(7,031)

(11)

(19,066)

(27,419)

(30)

Net foreign exchange (loss)/gain

(35,719)

5,079

NM

(106,859)

(49,587)

>100

Interest income

18,964

21,123

(10)

57,075

63,636

(10)

NM: Not meaningful

Genting Singapore plc published this content on 06 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 November 2017 09:43:06 UTC.

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