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.

NOBLE CENTURY INVESTMENT HOLDINGS LIMITED

仁 瑞 投 資 控 股 有 限 公 司

(incorporated in Bermuda with limited liability)

(Stock Code: 2322) ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 31 MARCH 2017

The board of directors (the "Board") of Noble Century Investment Holdings Limited (the "Company") is pleased to announce the results of the Company and its subsidiaries (together, the "Group") for the year ended 31 March 2017, together with comparative figures for the previous financial year, as follows:

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 MARCH 2017

2017

2016

Note

HK$'000

HK$'000

Revenue

3

2,137,192

1,373,585

Cost of sales

6

(2,091,279)

(1,354,488)

Gross profit

45,913

19,097

Other income

5

1,669

516

Gain on disposal of a subsidiary

-

835

Gain on bargain purchase

6,263

-

(Loss)/gain on changes in fair value of held-for-trading investments

(10,860)

5,540

Loss on changes in fair value of other financial asset

(2,598)

-

Impairment loss on property, plant and equipment

-

(9,652)

Impairment loss on other receivable

(9,229)

(1,216)

Impairment loss on goodwill

(1,074)

-

Administrative expenses

6

(40,850)

(30,292)

Operating loss

(10,766)

(15,172)

Finance costs

7

(1,412)

(720)

Loss before taxation

(12,178)

(15,892)

Taxation charge

8

(6,880)

(2,680)

Loss for the year

(19,058)

(18,572)

2017

2016

Note

HK$'000

HK$'000

Other comprehensive income:

Items that may be reclassified subsequently to profit or loss:

- Exchange differences arising on translation

(31,736)

(14,186)

Total comprehensive loss for the year

(50,794)

(32,758)

(Loss)/Profit for the year attributable to:

Owners of the Company

(17,693)

(18,754)

Non-controlling interests

(1,365)

182

Loss for the year

(19,058)

(18,572)

Total comprehensive (loss)/income for the year attributable to:

Owners of the Company

(49,238)

(32,827)

Non-controlling interests

(1,556)

69

Total comprehensive loss for the year

(50,794)

(32,758)

Restated

Basic and diluted losses per share

10

HK(0.48) cents

HK(0.82) cents

CONSOLIDATED BALANCE SHEET

AS AT 31 MARCH 2017

2017

2016

Note

HK$'000

HK$'000

ASSETS

Non-current assets

Property, plant and equipment

103,108

132,315

Investment property

11,400

-

Goodwill

1,000

1,000

Other financial asset

3,125

-

Finance lease payment receivables

11

84,576

70,322

Loan receivables

14

27,736

441

230,945

204,078

Current assets

Inventories

12,423

668

Trade receivables

12

421,749

22,790

Bills receivable

-

62,369

Deposits, prepayments and other receivables

13

126,215

285,406

Other financial asset

540

-

Held-for-trading investments

64,100

61,955

Finance lease payment receivables

11

73,956

13,639

Loan receivables

14

84,510

5,133

Tax recoverable

246

-

Restricted bank deposits

40,935

-

Cash and bank balances

98,144

499,817

922,818

951,777

Total assets

1,153,763

1,155,855

EQUITY

Capital and reserves

Share capital

15

73,612

73,612

Reserves

754,181

804,073

Total equity attributable to owners of the Company

827,793

877,685

Non-controlling interests

17,254

87

Total equity

845,047

877,772

Noble Century Investment Holdings Ltd. published this content on 28 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 June 2017 00:29:07 UTC.

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