PARKSON RETAIL GROUP LIMITED 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.
PARKSON RETAIL GROUP LIMITED百盛商業集團有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 3368)
UNAUDITED QUARTERLY RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2016The Board of Directors (the "Board") of Parkson Retail Group Limited (the "Company") is pleased to announce the unaudited consolidated results of the Company and its subsidiaries together with a jointly- controlled entity and associates (hereinafter collectively referred to as the "Group") for the quarter ended 31 March 2016.
The unaudited quarterly results of the Group are released in conjunction with the announcement of the quarterly results of Parkson Holdings Berhad, the holding company of the Company in Malaysia pursuant to the Bursa Malaysia Main Board Listing Requirements. This announcement is made pursuant to paragraph 13.09 of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited.
HIGHLIGHTS Total gross sales proceeds ("GSP") for the quarter declined by 13.4% to RMB4,669.7 million. Same store sales ("SSS") for the quarter declined by 9.0%. Merchandise gross margin remained flat at 16.0%. Operating profit for the quarter was RMB14.9 million. Loss attributable to shareholders for the quarter was RMB17.8 million. UNAUDITED CONSOLIDATED STATEMENT OF PROFIT OR LOSS FORQuarter Ended 31 March Year to Date Ended 31 March
2016 |
RMB'000 |
4,669,671 |
1,132,822 |
2015
RMB'000
2016 |
RMB'000 |
4,669,671 |
1,132,822 |
2015
RMB'000
(inclusive of value-added tax) | 5,391,477 | 5,391,477 | ||
Revenues | 1,208,197 | 1,208,197 | ||
Other operating revenues | 110,809 | 164,098 | 110,809 | 164,098 |
Total operating revenues | 1,243,631 | 1,372,295 | 1,243,631 | 1,372,295 |
Operating expenses | ||||
Gross Sales Proceeds
425,390 |
185,040 |
85,447 |
Purchases of goods and changes in inventories
Staff costs
425,390 |
185,040 |
85,447 |
417,361
6,011 |
(1,067) |
4,288 |
21,348 |
6,011 |
(1,067) |
4,288 |
21,348 |
169,440
417,361
169,440
Depreciation and amortization | 89,348 | 89,348 | ||
Rental expenses | 294,543 | 457,191 | 294,543 | 457,191 |
Other operating expenses | 238,289 | 270,463 | 238,289 | 270,463 |
Total operating expenses | 1,228,709 | 1,403,803 | 1,228,709 | 1,403,803 |
Profit/(Loss) from operations | 14,922 | (31,508) | 14,922 | (31,508) |
Finance (cost)/income, net | (15,578) | 2,785 | (15,578) | 2,785 |
Share of (loss)/profit of : | ||||
A joint venture | 6,933 | 6,933 | ||
Associates | 24 | 24 | ||
Profit/(Loss) before tax | (21,766) | (21,766) | ||
Income tax | 1,937 | 1,937 | ||
Net (loss)/profit for the period | (17,060) | (23,703) | (17,060) | (23,703) |
Attributable to: | ||||
Equity holders of the parent | (17,792) | (27,329) | (17,792) | (27,329) |
Non-controlling interests | 732 | 3,626 | 732 | 3,626 |
NON-CURRENT ASSETS | As at 31 March 2016 Unaudited RMB'000 | As at 31 December 2015 Audited RMB'000 |
Property, plant and equipment | 5,221,679 | 5,151,089 |
Investment properties | 22,115 | 23,546 |
Prepaid land lease payments | 431,107 | 434,436 |
Intangible assets | 2,222,311 | 2,224,708 |
Investment in a joint venture | 35,067 | 29,056 |
Investment in associates | 53,859 | 55,389 |
Other assets | 343,500 | 404,146 |
Deferred tax assets | 293,371 | 281,958 |
Total non-current assets | 8,623,009 | 8,604,328 |
CURRENT ASSETS Inventories | 416,271 | 390,770 |
Trade receivables | 36,563 | 61,130 |
Prepayment, deposits and other receivables | 827,152 | 794,828 |
Dividend receivable | - | 21,122 |
Investment in principal guaranteed deposits with licensed banks | 1,994,530 | 2,075,120 |
Time deposits with licensed banks | 112,112 | 297,354 |
Cash and cash equivalents | 909,126 | 980,899 |
Total current assets | 4,295,754 | 4,621,223 |
CURRENT LIABILITIES Trade payables | (1,420,735) | (1,494,092) |
Customer deposits, other payables and accruals | (1,465,862) | (1,604,341) |
Tax payable | (51,172) | (45,434) |
Interest-bearing bank loans | (568,341) | (644,186) |
Total current liabilities | (3,506,110) | (3,788,053) |
NET CURRENT ASSETS | 789,644 | 833,170 |
TOTAL ASSETS LESS CURRENT LIABILITIES | 9,412,653 | 9,437,498 |
As at As at
31 March 31 December
2016 2015
Unaudited Audited
RMB'000 RMB'000
NON-CURRENT LIABILITIES
Bonds | (3,158,925) | (3,227,112) |
Interest-bearing bank loans | (144,594) | (146,077) |
Long term payables | (788,578) | (744,576) |
Deferred tax liabilities | (279,649) | (280,419) |
Total non-current liabilities | (4,371,746) | (4,398,184) |
NET ASSETS | 5,040,907 | 5,039,314 |
EQUITY Equity attributable to equity holders of the parent Issued capital | 55,895 | 56,408 |
Reserves | 4,923,907 | 4,929,168 |
Treasury shares | (6,674) | (13,308) |
4,973,128 | 4,972,268 | |
Non-controlling interests | 67,779 | 67,046 |
TOTAL EQUITY | 5,040,907 | 5,039,314 |
Parkson Retail Group Ltd. published this content on 19 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 May 2016 09:02:05 UTC.
Original documenthttp://www.parksongroup.com.cn/upload/201605/146364465502550300.pdf
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