VALUETRONICS HOLDINGS LIMITED Financial Statements and Related Announcement::Half Yearly Results | 11/11/20, 7:11 AM |
FINANCIAL STATEMENTS AND RELATED ANNOUNCEMENT::HALF YEARLY RESULTS
Issuer & Securities
Issuer/ Manager
VALUETRONICS HOLDINGS LIMITED
Securities
VALUETRONICS HOLDINGS LIMITED - BMG9316Y1084 - BN2
Stapled Security
No
Announcement Details
Announcement Title
Financial Statements and Related Announcement
Date &Time of Broadcast
11-Nov-2020 07:04:40
Status
New
Announcement Sub Title
Half Yearly Results
Announcement Reference
SG201111OTHRVZWV
Submitted By (Co./ Ind. Name)
Tse Chong Hing
Designation
Chairman and Managing Director
Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)
PLEASE SEE ATTACHED:
Half Year Financial Statements and Dividend Announcement for the Six Months Ended 30 September 2020
Additional Details
For Financial Period Ended
30/09/2020
Financial Statements and Related Announcement::Half Yearly Results | 11/11/20, 7:11 AM |
Attachments
VHL-Results 1HFY2021.pdf
Total size =151K MB
VALUETRONICS HOLDINGS LIMITED
(Incorporated in Bermuda)
(Co. Reg. No: 38813)
HALF YEAR FINANCIAL STATEMENTS AND DIVIDEND ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2020
PART I - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF HALF-YEAR AND FULL YEAR RESULTS
1(a) A statement of profit or loss and statement of comprehensive income for the group together with a comparative statement for the corresponding period of the immediately preceding financial year.
Consolidated Income Statement for the period ended 30 September 2020
The Group | |||
6 months ended 30 September | |||
2020 | 2019 | Change | |
HK$'000 | HK$'000 | % | |
Revenue | 1,094,917 | 1,367,101 | -19.9 |
Cost of sales | (909,002) | (1,161,167) | -21.7 |
Gross profit | 185,915 | 205,934 | -9.7 |
Selling and distribution expenses | (13,645) | (14,913) | -8.5 |
Administrative expenses | (79,721) | (87,314) | -8.7 |
Other income and gains, net | 11,416 | 13,739 | -16.9 |
Operating profit | 103,965 | 117,446 | -11.5 |
Finance costs | (339) | (433) | -21.7 |
Profit before income tax | 103,626 | 117,013 | -11.4 |
Income tax expense | (12,134) | (12,919) | -6.1 |
Profit for the period | 91,492 | 104,094 | -12.1 |
Attributable to: | |||
Owners of the Company | 91,492 | 104,094 | -12.1 |
VALUETRONICS HOLDINGS LIMITED
Page 2 of 14
Consolidated Statement of Comprehensive Income for the period ended 30 September 2020
The Group | ||||
6 months ended 30 September | ||||
2020 | 2019 | Change | ||
HK$'000 | HK$'000 | % | ||
Profit for the period | 91,492 | 104,094 | -12.1 | |
Other comprehensive income / (expense), net of | ||||
tax: | ||||
Items that may be reclassified to profit or loss: | ||||
Currency translation differences* | 3,478 | (4,868) | NM | |
Total comprehensive income for the period | 94,970 | 99,226 | -4.3 | |
Attributable to: | ||||
Owners of the Company | 94,970 | 99,226 | -4.3 | |
* Representing exchange differences on translating the Group's subsidiaries in the PRC and Vietnam.
Note:
NM: Not meaningful
The Group's profit before income tax is arrived at after charging / (crediting):
The Group | |||
6 months ended 30 September | |||
2020 | 2019 | ||
HK$'000 | HK$'000 | ||
Depreciation on property, plant and equipment | 27,605 | 25,582 | |
Amortisation of land use rights | - | 221 | |
Amortisation on right-of-use assets | 1,974 | - | |
Loss on disposals of property, plant and equipment | 335 | 107 | |
Interest income | (4,289) | (11,418) | |
Finance costs | 339 | 433 | |
Net exchange gains | (769) | (79) | |
Reversal of impairment loss recognised in respect of flash floods that occurred | (1,634) | - | |
on 17 September 2018 at the Danshui Plant |
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Disclaimer
Valuetronics Holdings Limited published this content on 11 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2020 03:58:09 UTC
