SILVER BASE GROUP HOLDINGS 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.
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 886) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2017The board (the "Board") of directors (the "Directors") of Silver Base Group Holdings Limited (the "Company") is pleased to announce the unaudited condensed consolidated interim results of the Company and its subsidiaries (collectively, the "Group") for the six months ended 30 September 2017, together with the comparative figures for the previous corresponding period as follows:
FINANCIAL HIGHLIGHTS
Revenue was approximately HK$740.7 million
•
Gross profit was approximately HK$124.1 million
•
Loss for the period attributable to ordinary equity holders of the Company was
approximately HK$39.3 million
•
Loss per share (approximately)
Basic HK1.73 cents
Diluted HK1.73 cents
•
The Board does not recommend the payment of an interim dividend for the six
months ended 30 September 2017
INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
For the six months ended 30 September 2017
For the six months ended 30 September
Notes | 2017 (Unaudited) HK$'000 | 2016 (Unaudited) HK$'000 | |
REVENUE | 4 | 740,738 | 392,528 |
Cost of sales | (616,643) | (322,418) | |
Gross profit | 124,095 | 70,110 | |
Other income and gains, net | 4 | 297 | 2,166 |
Selling and distribution expenses | (90,726) | (149,943) | |
Administrative expenses | (42,808) | (35,214) | |
Other expenses, net Write-back of impairment/(loss from impairment), net | (150) (5,203) | - 4,532 | |
Finance costs | 5 | (24,817) | (22,151) |
LOSS BEFORE TAX | 6 | (39,312) | (130,500) |
Income tax expense | 7 | (30) | (82) |
LOSS FOR THE PERIOD | (39,342) | (130,582) |
ATTRIBUTABLE TO:
ORDINARY EQUITY HOLDERS OF
THE COMPANY (39,342) (130,582)
LOSS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY HOLDERS OF
THE COMPANY
Basic (HK cents) | 8 | (1.73) | (5.75) |
Diluted (HK cents) | 8 | (1.73) | (5.75) |
Details of dividend are disclosed in note 11. |
INTERIM CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the six months ended 30 September 2017
For the six months ended 30 September
2017 2016
(Unaudited) (Unaudited)
HK$'000 HK$'000LOSS FOR THE PERIOD (39,342) (130,582)
OTHER COMPREHENSIVE GAIN/(LOSS)
Other comprehensive gain/(loss) to be reclassified to profit or loss in subsequent periods:
Exchange differences:
Exchange differences on translation of foreign
operations 55,659 (32,885)
OTHER COMPREHENSIVE GAIN/(LOSS)
FOR THE PERIOD, NET OF TAX 55,659 (32,885)
TOTAL COMPREHENSIVE GAIN/(LOSS)
FOR THE PERIOD 16,317 (163,467)
ATTRIBUTABLE TO:
ORDINARY EQUITY HOLDERS
OF THE COMPANY 16,317 (163,467)
INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
30 September 2017
Notes | 30 September 2017 (Unaudited) HK$'000 | 31 March 2017 (Audited) HK$'000 | |
NON-CURRENT ASSETS Property, plant and equipment | 11,985 | 12,236 | |
Intangible asset | 8,300 | 8,300 | |
Deposits | 4,936 | 4,024 | |
Total non-current assets | 25,221 | 24,560 | |
CURRENT ASSETS Inventories | 652,572 | 697,771 | |
Trade receivables | 9 | 16,598 | 42,851 |
Bills receivable | 9 | - | 56,771 |
Prepayments, deposits and other receivables | 741,864 | 801,992 | |
Pledged deposits | 68,602 | 85,000 | |
Cash and cash equivalents | 599,367 | 356,939 | |
Total current assets | 2,079,003 | 2,041,324 | |
CURRENT LIABILITIES Trade payables | 10 | 3,699 | 4,290 |
Bills payable | 10 | 459,693 | 439,968 |
Deposits received, other payables and accruals | 207,435 | 256,582 | |
Bank advance for discounted bills | - | 56,771 | |
Interest-bearing bank borrowings | 123,575 | 213,310 | |
Bond payables | 34,262 | 10,529 | |
Due to directors | 1 | 1 | |
Tax payable | 63,727 | 61,334 | |
Total current liabilities | 892,392 | 1,042,785 | |
NET CURRENT ASSETS | 1,186,611 | 998,539 |
Silver Base Group Holdings Ltd. published this content on 27 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 November 2017 14:51:03 UTC.
Original documenthttp://www.silverbase.com.cn/assets/1511792829589.pdf
Public permalinkhttp://www.publicnow.com/view/176287ECC0D83CEF768FD35C542829B02D53CB93
