NAGACORP LTD. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, 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 announcement.
NAGACORP LTD.金界控股有限公司
金界控股有限公司
(Incorporated in the Cayman Islands with limited liability)
Stock code: 3918 ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017 Unaudited condensed consolidated interim results for the six months ended 30 June 2017
Gross gaming revenue increased by 40% to US$386.8 million
Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) increased by 19% to
US$181.0 million
Net profit increased by 20% to US$150.6 million
VIP rollings increased by 71% to US$7.8 billion
Mass Market table buy-ins increased by 23% to US$375.2 million
Mass Market EGMs bills-in increased by 15% to US$853.1 million
Basic earnings per share of US cents 6.12
An interim dividend for Shareholders and a distribution for the Bondholder of US cents 2.08
per Share/Conversion Share (or equivalent to HK cents 16.12 per Share/Conversion Share) has been declared, representing a payout ratio of 60% based on the net profit generated for the Period. The interim dividend and distribution shall be paid on Tuesday, 22 August 2017
The board of directors (the "Board") of NagaCorp Ltd. (the "Company" and together with its subsidiaries, the "Group") is pleased to announce the unaudited condensed consolidated interim results of the Group for the six months ended 30 June 2017 (the "Period"). The Board has resolved to declare an interim dividend for shareholders of the Company (the "Shareholders") and a distribution for the holder (the "Bondholder") of the convertible bonds issued by the Company (the "Convertible Bonds") of US cents 2.08 per ordinary share of the Company (the "Shares")/new Share to be allotted and issued upon exercise of the conversion rights attached to the Convertible Bonds (the "Conversion Shares") (or equivalent to HK cents 16.12 per Share/Conversion Share) for the Period, representing a dividend and distribution payout ratio of 60% based on the net profit generated for the Period. The interim dividend and distribution shall be paid on Tuesday, 22 August 2017.
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF INCOME
Six months ended 30 JuneNotes | 2017 US$'000 | 2016 US$'000 | |
(Unaudited) | (Unaudited) | ||
Revenue | 2 | 401,598 | 288,479 |
Cost of sales | (161,719) | (81,733) | |
Gross profit | 239,879 | 206,746 | |
Other income | 3,335 | 2,325 | |
Administrative expenses | (27,001) | (24,496) | |
Other operating expenses | (61,521) | (55,636) | |
Profit before taxation | 3 | 154,692 | 128,939 |
Income tax | 4 | (4,060) | (3,752) |
Profit attributable to owners of the Company | 150,632 | 125,187 | |
Earnings per share (US cents) | (Re-presented) | ||
Basic | 6 | 6.12 | 5.50 |
Diluted | 6 | 3.47 | 5.25 |
2017 US$'000 | 2016 US$'000 | |
(Unaudited) | (Unaudited) | |
Profit for the period | 150,632 | 125,187 |
Other comprehensive income for the period: Items that may be reclassified subsequently to profit or loss: - exchange differences from translation of foreign operations | 1,293 | 864 |
Total comprehensive income attributable to owners of the Company for the period | 151,925 | 126,051 |
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
30 June 2017 | 31 December 2016 | ||
Notes | US$'000 | US$'000 | |
(Unaudited) | (Audited) | ||
Non-current assets | |||
Property, plant and equipment | 8 | 969,165 | 810,149 |
Interest in leasehold lands held for | |||
own use under operating lease | 27,108 | 27,266 | |
Intangible assets | 9 | 64,428 | 66,201 |
Prepayments for acquisition, construction and | |||
fitting-out of property, plant and equipment | 66,510 | 93,458 | |
Promissory notes | 10 | 9,114 | 8,647 |
1,136,325 | 1,005,721 | ||
Current assets Consumables | 777 | 1,467 | |
Trade and other receivables | 11 | 112,981 | 72,559 |
Cash and cash equivalents | 167,106 | 210,912 | |
280,864 | 284,938 | ||
Current liabilities Trade and other payables | 12 | 48,182 | 36,969 |
Current tax liability | 1,484 | 2,709 | |
49,666 | 39,678 | ||
Net current assets | 231,198 | 245,260 | |
NET ASSETS | 1,367,523 | 1,250,981 | |
CAPITAL AND RESERVES | |||
Share capital | 30,750 | 30,750 | |
Reserves | 1,336,773 | 1,220,231 | |
TOTAL EQUITY | 1,367,523 | 1,250,981 |
Nagacorp Ltd. published this content on 10 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 July 2017 15:04:20 UTC.
Original documenthttp://www.irasia.com/listco/hk/nagacorp/announcement/int.pdf
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