Financial Statements and Related Announcement::Third Quarter Results
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Financial Statements and Related Announcement::Third 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 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 Ended30/09/2017
AttachmentsGENS 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 September2017 | 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, |
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
TNM: 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.
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