STYLAND 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.
STYLAND HOLDINGS LIMITED大 凌 集 團 有 限 公 司 *
(Incorporated in Bermuda with limited liability)
(Stock code: 211) (Warrant Code: 1482) ANNOUNCEMENT OF RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2017The board of directors (the "Directors" or the "Board") of Styland Holdings Limited (the "Company") is pleased to announce the unaudited consolidated results of the Company and its subsidiaries (collectively referred to as the "Group") for the six months ended 30 September 2017 (the "Review Period") together with the comparative figures as follows:
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMESix months ended 30 September | ||||
2017 | 2016 | |||
(Unaudited) | (Unaudited) | |||
Note | HK$'000 | HK$'000 | ||
TURNOVER | 130,220 | 108,943 | ||
Revenue | 2 | 45,412 | 30,959 | |
Cost of sales | (5,665) | (1,600) | ||
GROSS PROFIT | 39,747 | 29,359 | ||
Other income | 8,037 | 7,667 | ||
Administrative expenses | (41,864) | (38,787) | ||
Selling and distribution expenses | (3,432) | (1,757) | ||
Change in fair value of investment properties | 3,000 | 14,789 | ||
Change in fair value of financial assets at fair value through profit or loss | (12,310) | (5,256) | ||
Gain on disposal of financial assets at fair value through profit or loss | 1,569 | 998 | ||
Unrealised fair value gain on available-for-sale financial assets | 8,327 | - | ||
Gain on disposal of subsidiaries, net | 11(a)&(b) | 19,575 | - | |
Impairment loss recognised in respect of loan receivables | (346) | (1,649) | ||
Impairment loss recognised in respect of other receivables | - | (1,002) | ||
Reversal of impairment loss recognised in respect of loan receivables | 333 | 1,270 | ||
Finance costs | (6,774) | (3,570) | ||
* For identification purposes only
Six months ended 30 September | ||||
2017 | 2016 | |||
(Unaudited) | (Unaudited) | |||
Note | HK$'000 | HK$'000 | ||
PROFIT BEFORE INCOME TAX | 3 | 15,862 | 2,062 | |
Income tax expense | 4 | - | - | |
PROFIT AND TOTAL COMPREHENSIVE INCOME FOR THE PERIOD | 15,862 | 2,062 | ||
PROFIT/(LOSS) AND TOTAL COMPREHENSIVE INCOME FOR THE PERIOD ATTRIBUTABLE TO | ||||
- Owners of the Company | 4,594 | 3,696 | ||
- Non-controlling interests | 11,268 | (1,634) | ||
15,862 | 2,062 | |||
EARNINGS PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY FOR THE PERIOD | ||||
- Basic | 6 | HK0.10 cents | HK0.08 cents | |
- Diluted | 6 | HK0.09 cents | HK0.08 cents | |
As at | As at | |||
30 September | 31 March | |||
2017 | 2017 | |||
(Unaudited) | (Audited) | |||
Note | HK$'000 | HK$'000 | ||
NON-CURRENT ASSETS | ||||
Furniture and equipment | 3,266 | 3,094 | ||
Investment properties | 263,838 | 246,000 | ||
Loan receivables | 7 | 50,676 | 75,792 | |
Intangible asset | 3,386 | 3,386 | ||
Available-for-sale financial asset | 10 | - | - | |
321,166 | 328,272 | |||
CURRENT ASSETS | ||||
Loan receivables | 7 | 200,937 | 171,422 | |
Accounts receivable | 8 | 55,254 | 35,862 | |
Promissory note receivables | 9 | 68,118 | 31,087 | |
Other receivables, deposits and prepayments | 17,206 | 21,268 | ||
Available-for-sale financial assets | 10 | 42,425 | 5,000 | |
Financial assets at fair value through profit or loss | 78,077 | 77,191 | ||
Tax recoverable | 615 | 615 | ||
Client trust funds | 122,853 | 84,759 | ||
Pledged bank deposits | 6,291 | 6,273 | ||
Bank balances and cash | 148,852 | 176,260 | ||
740,628 | 609,737 | |||
Assets of disposal group classified as held-for-sale | 11(a) | - | 110,964 | |
740,628 | 720,701 | |||
As at | As at | |||
30 September | 31 March | |||
2017 | 2017 | |||
(Unaudited) | (Audited) | |||
Note | HK$'000 | HK$'000 | ||
CURRENT LIABILITIES | ||||
Accounts payable | 12 | 161,902 | 99,628 | |
Other payables and accruals | 6,761 | 12,611 | ||
Promissory note payables | 143,373 | 154,293 | ||
Borrowings | 131,318 | 116,747 | ||
443,354 | 383,279 | |||
Liabilities of disposal group classified as held-for-sale | 11(a) | - | 66,811 | |
443,354 | 450,090 | |||
NET CURRENT ASSETS | 297,274 | 270,611 | ||
TOTAL ASSETS LESS CURRENT LIABILITIES | 618,440 | 598,883 | ||
NET ASSETS | 618,440 | 598,883 | ||
CAPITAL AND RESERVES | ||||
Share capital | 48,218 | 47,848 | ||
Reserves | 570,128 | 562,209 | ||
EQUITY ATTRIBUTABLE TO THE OWNERS OF THE COMPANY | 618,346 | 610,057 | ||
NON-CONTROLLING INTERESTS | 94 | (11,174) | ||
TOTAL EQUITY | 618,440 | 598,883 | ||
Styland Holdings Limited published this content on 24 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 November 2017 05:01:04 UTC.
Original documenthttp://www.styland.com/sites/default/files/announcements/int2018.pdf
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