SITOY 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.
SITOY GROUP HOLDINGS LIMITED時代集團控股有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1023) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2016 Financial highlights for the six months ended 31 December 2016Revenue decreased by approximately 41.3% over the same period in 2015 to approximately HK$991.5 million.
Gross profit decreased by approximately 40.8% over the same period in 2015 to approximately HK$276.8 million.
Profit attributable to the owners of the Company for the period decreased by approximately 41.3% over the same period in 2015 to approximately HK$116.4 million.
Basic earnings per share attributable to the ordinary equity holders of the Company for the period decreased by approximately 41.3% over the same period in 2015 to approximately HK11.62 cents.
Interim dividend per ordinary share was HK6 cents for the six months ended 31 December 2016.
The board (the "Board") of directors (the "Directors") of Sitoy Group Holdings Limited (the "Company") is pleased to announce the unaudited condensed consolidated interim results of the Company and its subsidiaries (the "Group") for the six months ended 31 December 2016 (the "Period").
INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the six months ended 31 DecemberNotes | 2016 HK$'000 (Unaudited) | 2015 HK$'000 (Unaudited) | |
REVENUE | 4 | 991,526 | 1,688,387 |
Cost of sales | (714,718) | (1,220,607) | |
Gross profit | 276,808 | 467,780 | |
Other income and gains | 4 | 36,194 | 13,788 |
Selling and distribution expenses | (69,467) | (83,450) | |
Administrative expenses | (105,828) | (134,659) | |
Other expenses | (923) | (13,083) | |
PROFIT BEFORE TAX | 5 | 136,784 | 250,376 |
Income tax expense | 6 | (20,360) | (52,063) |
PROFIT FOR THE PERIOD | 116,424 | 198,313 | |
Attributable to: Owners of the Company | 116,424 | 198,313 |
Basic and diluted
- For profit for the period (HK cents) 8 11.62 19.80
INTERIM CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME For the six months ended 31 December2016 HK$'000 (Unaudited) | 2015 HK$'000 (Unaudited) | |
PROFIT FOR THE PERIOD | 116,424 | 198,313 |
OTHER COMPREHENSIVE INCOME | ||
Exchange differences on translation of foreign operations | (51,186) | (66,820) |
OTHER COMPREHENSIVE INCOME FOR THE PERIOD, NET OF TAX | (51,186) | (66,820) |
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD | 65,238 | 131,493 |
Attributable to:
Owners of the Company 65,238 131,493
INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITIONNotes | As at 31 December 2016 HK$'000 (Unaudited) | As at 30 June 2016 HK$'000 (Audited) | |
NON-CURRENT ASSETS | |||
Property, plant and equipment | 462,081 | 497,597 | |
Investment property | 519,556 | 503,556 | |
Prepaid land lease payments | 16,664 | 17,653 | |
Intangible asset | 5,559 | 5,559 | |
Deferred tax assets | 14,444 | 15,270 | |
Prepayments | 45 | 146 | |
Total non-current assets | 1,018,349 | 1,039,781 | |
CURRENT ASSETS | |||
Inventories | 242,906 | 274,605 | |
Trade receivables | 9 | 267,693 | 251,967 |
Prepayments, deposits and other receivables | 43,697 | 44,087 | |
Pledged deposits | 21,935 | 22,495 | |
Cash and cash equivalents | 616,788 | 830,572 | |
Total current assets | 1,193,019 | 1,423,726 | |
CURRENT LIABILITIES | |||
Trade payables | 10 | 128,774 | 131,300 |
Other payables and accruals | 104,248 | 103,889 | |
Tax payable | 10,204 | 46,076 | |
Total current liabilities | 243,226 | 281,265 | |
NET CURRENT ASSETS | 949,793 | 1,142,461 | |
TOTAL ASSETS LESS CURRENT | |||
LIABILITIES | 1,968,142 | 2,182,242 |
Sitoy Group Holdings Ltd. published this content on 27 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 February 2017 07:06:25 UTC.
Original documenthttp://www.sitoy.com/UploadFiles/pdf/en/announcement_e.pdf
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