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.
BCI GROUP HOLDINGS LIMITED ৷ژණྠϞࠢʮ̡
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 8412)
INTERIM RESULTS ANNOUNCEMENT
FOR THE SIX MONTHS ENDED 30 NOVEMBER 2018
CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE")
GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration.
Given that the companies listed on GEM are generally small and mid-sized companies, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board of the Stock Exchange and no assurance is given that there will be a liquid market in the securities traded on GEM.
This announcement, for which the directors (the "Directors") of BCI Group Holdings Limited (the "Company", together with its subsidiaries, the "Group") collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of the Stock Exchange (the "GEM Listing Rules") for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.
The board of Directors (the "Board") is pleased to announce the unaudited condensed consolidated financial statements of the Group for the six months ended 30 November 2018, together with the unaudited comparative figures for the corresponding period in 2017 as set out below. Unless otherwise specified, terms used herein shall have the same meanings as those defined in the Company's prospectus dated 24 March 2017 (the "Prospectus").
FINANCIAL HIGHLIGHTS
The Group's revenue for the six months ended 30 November 2018 was approximately HK$39.5 million, representing a decrease of approximately 10.9% when compared with that of the corresponding period in 2017.
The Group recorded a loss and total comprehensive loss for the six months ended 30 November 2018 of approximately HK$13.2 million, while there was a loss and total comprehensive loss of approximately HK$5.9 million for the six months ended 30 November 2017.
The Board did not recommend payment of any dividend for the six months ended 30 November 2018.
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the three months and six months ended 30 November 2018
For the three months ended For the six months ended 30 November 30 November 30 November 30 November 2018 2017 2018 2017
Notes
HK$'000 HK$'000 HK$'000 HK$'000 (unaudited) (unaudited) (unaudited) (unaudited)
Revenue | 2 | 18,380 | 21,234 | 39,496 | 44,331 |
Finance income | 3 | 78 | 163 | 352 | 163 |
Cost of inventories sold | (4,169) | (3,952) | (8,943) | (8,551) | |
Other income and gains | 192 | 1 | 229 | 3 | |
Property rentals and related expenses | (6,573) | (5,723) | (13,750) | (11,535) | |
Advertising and marketing expenses | (2,893) | (3,443) | (5,536) | (7,123) | |
Employee benefits expenses | (5,512) | (6,621) | (11,685) | (11,471) | |
Depreciation | (978) | (1,109) | (1,878) | (2,205) | |
Other expenses | (5,099) | (5,065) | (11,021) | (9,615) | |
Finance costs | 4 | (247) | (72) | (445) | (72) |
Loss before income tax | (6,821) | (4,587) | (13,181) | (6,075) | |
Income tax credit/(expense) | 5 | - | 87 | (27) | 128 |
Total comprehensive loss for the period | (6,821) | (4,500) | (13,208) | (5,947) | |
Loss and total comprehensive expenses | |||||
for the period attributable to: | |||||
- Owners of the Company | (6,628) | (4,342) | (12,770) | (5,787) | |
- Non-controlling interests | (193) | (158) | (438) | (160) | |
(6,821) | (4,500) | (13,208) | (5,947) | ||
Loss per share attributable to owners of | |||||
the Company | |||||
- Basic and diluted (HK cents) | 7 | (0.83) | (0.54) | (1.60) | (0.72) |
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 30 November 2018
As at | |||
30 November | 31 May | ||
2018 | 2018 | ||
Notes | HK$'000 | HK$'000 | |
(unaudited) | (audited) | ||
Non-current assets | |||
Property, plant and equipment | 8 | 16,675 | 7,019 |
Prepayment for acquisition of property, plant and | |||
equipment | 9 | - | 1,810 |
Other receivables and deposits | 9 | 3,247 | 3,252 |
Goodwill | 2,209 | 2,209 | |
22,131 | 14,290 | ||
Current assets | |||
Inventories | 10 | 794 | 775 |
Trade and other receivables | 9 | 14,469 | 15,938 |
Financial assets at fair value through profit or loss | 11 | 17,532 | 19,990 |
Amounts due from a related company | 236 | 82 | |
Cash and cash equivalents | 12 | 21,455 | 33,508 |
Restricted bank deposits | 13 | 4,605 | 2,146 |
Tax recoverable | - | 678 | |
59,091 | 73,117 | ||
Current liabilities | |||
Trade and other payables | 14 | 19,832 | 13,989 |
Bank Borrowings | 15 | 30,769 | 30,667 |
Current tax liabilities | 388 | - | |
50,989 | 44,656 | ||
Net current assets | 8,102 | 28,461 | |
Total assets less current liabilities | 30,233 | 42,751 |
As at
30 November | 31 May | ||
2018 | 2018 | ||
Notes | HK$'000 | HK$'000 | |
(unaudited) | (audited) | ||
Non-current liabilities | |||
Other payables | 14 | 1,867 | 1,177 |
Net assets | 28,366 | 41,574 | |
Equity | |||
Share capital | 16 | 8,000 | 8,000 |
Reserves | 21,826 | 34,596 | |
Equity attributable to owners of the Company | 29,826 | 42,596 | |
Non-controlling interests | (1,460) | (1,022) | |
Total equity | 28,366 | 41,574 |
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BCI Group Holdings Ltd. published this content on 16 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 January 2019 10:13:06 UTC