(Incorporated in the Cayman Islands with limited liability)
Stock Code: 8266
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First auarter1y Report 2017CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ("GEM") OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE")
GEM has been positioned as a market designed to accommodate companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors.
Given the emerging nature of companies listed on GEM, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board and no assurance is given that there will be a liquid market in the securities traded on GEM.
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this report, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this report.
This report, for which the directors (the "Directors") of Gold Tat Group International Limited (the "Company") collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the GEM of the Stock Exchange (the "GEM Listing Rules") for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this report is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this report misleading.
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Gold Tat Group International Limited
First Quarterly Report 2017
RESULTS
The board of Directors (the "Board") of Gold Tat Group International Limited (the "Company") hereby announces the unaudited condensed consolidated results of the Company and its subsidiaries (the "Group") for the three months ended 30 June 2017, together with the unaudited comparative figures for the corresponding period in 2016 as follows:
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
For the three months ended 30 June 2017
Three months ended 30 June
Note | 2017 | 2016 | |
HK$'000 | HK$'000 | ||
Revenue | 138,329 | 150,598 | |
Cost of sales | (133,044) | (144,530 | |
Gross profit | 5,285 | 6,068 | |
Other net income | 16 | 8 | |
Employment costs | (7,319) | (7,185 | |
Research and development expenses | (457) | (445 | |
Depreciation | (254) | (287 | |
Transportation expenses | (291) | (309 | |
Other operating expenses | (4,620) | (5,037 | |
Loss from operations | (7,640) | (7,187 | |
Finance costs | 2 | (1,477) | (1,045 |
Share of (loss)/profit of associates | (53) | 355 | |
Loss before tax | (9,170) | (7,877 | |
Income tax (expense)/credit | 3 | (3) | 1 |
Loss for the period | (9,173) | (7,876 |
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Gold Tat Group International Limited
First Quarterly Report 2017
Three months ended 30 June
Note | 2017 | 2016 | |
HK$'000 | HK$'000 | ||
Attributable to: | (8,776) | (8,063 | |
Owners of the Company | |||
Non-controlling interests | (397) | 187 | |
Loss per share (HK cents) | 4 | (9,173) | (7,876 |
Basic | (0.21) | (0.22 | |
Diluted | N/A | N/A |
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Gold Tat Group International Limited
First Quarterly Report 2017
Gold Tat Group International Limited published this content on 14 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 August 2017 16:21:04 UTC.
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