China Star Entertainment : FINAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31ST DECEMBER 2016 (in PDF)
March 30, 2017 at 04:05 pm
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CHINA STAR ENTERTAINMENT LIMITED
(Incorporated in Bermuda with limited liability)
(Stock Code: 326)
FINAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31ST DECEMBER 2016
FINAL RESULTS
The board of directors (the "Board") of China Star Entertainment Limited (the "Company") presents the audited consolidated results of the Company and its subsidiaries (the "Group") for the year ended 31st December 2016 as follows:
CONSOLIDATED INCOME STATEMENT
For the year ended 31st December 2016
Notes
2016
HK$'000
2015
HK$'000
Continuing operations
Revenue
5
1,102,464
1,039,758
Cost of sales
(986,542)
(581,784)
Gross profit
115,922
457,974
Other revenue and other income
6
123,729
109,297
Administrative expenses Marketing, selling and
distribution expenses
(394,358)
(90,128)
(381,851)
(85,515)
(Loss)/gain arising on change in fair value of
financial assets classified as held for trading investments
(18,879)
99,638
Other operating expenses
(43,794)
(65,599)
(Loss)/profit from operations
Notes
HK$'000
(307,508)
HK$'000
133,944
Finance costs
7
(30,543)
(29,314)
Share of results of joint ventures
(90)
138
(Loss)/profit before tax
8
(338,141)
104,768
Income tax credit
9
-
149
(Loss)/profit for the year from continuing operations
(338,141)
104,917
Discontinued operation
Profit for the year from discontinued operation
11
2,530
2,947
(Loss)/profit for the year
(335,611)
107,864
(Loss)/profit for the year attributable to:
Owners of the Company
(335,609)
107,871
Non-controlling interests
(2)
(7)
(335,611)
107,864
(Loss)/earnings per share
From continuing and discontinued operations
Notes
12
HK cents
HK cents
Basic
(42.98)
15.25
Diluted
(42.98)
14.31
From continuing operations
Basic
(43.30)
14.83
Diluted
(43.30)
13.92
From discontinued operation
Basic
0.32
0.42
Diluted
0.32
0.39
(Loss)/profit for the year
HK$'000
(335,611)
HK$'000
107,864
Other comprehensive income
Items that will not reclassified to profit or loss:
Gain on revaluation of property
-
48,171
Items that may be reclassified subsequently to consolidated income statement:
Exchange differences arising on translation of foreign operations:
Exchange differences arising during the year
14
(103)
Other comprehensive income for the year
14
48,068
Total comprehensive (loss)/income for the year
(335,597)
155,932
Total comprehensive (loss)/income for the year attributable to:
Owners of the Company
(335,595)
155,939
Non-controlling interests
(2)
(7)
(335,597) 155,932
China Star Entertainment Ltd. published this content on 30 March 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 March 2017 15:04:10 UTC.
Original documenthttp://www.irwebcast.com/cgi-local/report/redirect.cgi?url=http://www.irasia.com/listco/hk/chinastar/announcement/a172418-e0326.pdf
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China Star Entertainment Limited is an investment holding company principally engaged in the film related business. Along with subsidiaries, the Company operates its business through two segments. The Film Related Business Operations segment mainly engages in investment, production, distribution and licensing of films and television drama series and provision of other film related services including artist management services. The Property Development and Investment Operations segment is involved in investing and development of properties located in Macau.
CHINA STAR ENTERTAINMENT LIMITED 
