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LION ROCK GROUP LIMITED獅子山集團有限公司*
(Incorporated in Bermuda with limited liability)
(Stock code: 1127)
ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017The Board of Directors (the "Board") of Lion Rock Group Limited (the "Company") presents the unaudited consolidated results of the Company and its subsidiaries (collectively referred to as the "Group") for the six months ended 30 June 2017 together with the comparative unaudited figures for the corresponding period in 2016 as follows:
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED 30 JUNE 2017 (Unaudited) Six months ended 30 June 2017 2016Notes Revenue 3 | HK$'000 712,762 | HK$'000 798,208 |
Direct operating costs | (523,075) | (571,359) |
Gross profit | 189,687 | 226,849 |
Other income | 23,068 | 17,224 |
Selling and distribution costs | (88,908) | (93,921) |
Administrative expenses | (48,547) | (63,553) |
Other expenses | (1,669) | (5,334) |
Finance costs 4 | (1,393) | (1,575) |
Profit before income tax 5 | 72,238 | 79,690 |
Income tax expense 6 | (15,930) | (19,493) |
Profit for the period | 56,308 | 60,197 |
Other comprehensive income | ||
Items that may be reclassified subsequently to profit or loss: | ||
Exchange gain on translation of | ||
financial statements of foreign operations | 24,677 | 12,040 |
Other comprehensive income for the period, net of tax | 24,677 | 12,040 |
Total comprehensive income for the period | 80,985 | 72,237 |
* For identification purpose only |
Notes HK$'000 HK$'000
Profit for the period attributable to:Owners of the Company 49,425 52,027
Non-controlling interests 6,883 8,170
56,308 60,197 Total comprehensive income attributable to:Owners of the Company 71,207 62,061
Non-controlling interests 9,778 10,176
80,985 72,237 Earnings per share for profit attributable to owners of the Company during the period 7Basic HK6.42 cents HK6.76 cents
Diluted N/A N/A
AS AT 30 JUNE 2017 | (Unaudited) | (Audited) | |
At 30 June | At 31 December | ||
2017 | 2016 | ||
Notes | HK$'000 | HK$'000 | |
ASSETS AND LIABILITIES | |||
Non-current assets Property, plant and equipment | 8 | 116,835 | 133,919 |
Intangible assets | 191,045 | 150,462 | |
Other non-current assets | 6,704 | 5,633 | |
Deferred tax assets | 36,248 | 35,676 | |
Current assets | 350,832 | 325,690 | |
Inventories | 131,319 | 82,850 | |
Trade and other receivables and deposits | 9 | 436,945 | 430,190 |
Financial assets at fair value through profit or loss | 20 | - | 5,472 |
Cash and bank balances | 444,270 | 461,155 | |
1,012,534 | 979,667 | ||
Current liabilities Trade and other payables | 10 | 252,698 | 223,663 |
Financial liabilities at fair value through profit or loss | 20 | 3,515 | - |
Bank borrowings | 11 | 82,965 | 94,766 |
Finance lease liabilities | 12 | 392 | 162 |
Provisions | 21,953 | 21,816 | |
Provision for taxation | 12,478 | 6,133 | |
374,001 | 346,540 | ||
Net current assets | 638,533 | 633,127 | |
Total assets less current liabilities | 989,365 | 958,817 | |
Non-current liabilities Provisions | 11,422 | 7,479 | |
Put option liability | 17 | 14,004 | - |
Finance lease liabilities | 12 | 1,412 | 507 |
Deferred tax liabilities | 5,749 | 5,092 | |
32,587 | 13,078 | ||
Net assets | 956,778 | 945,739 |
At 31 December
2016
Notes HK$'000 HK$'000
EQUITYShare capital | 13 | 7,700 | 7,700 |
Reserves | 888,481 | 882,201 | |
Equity attributable to owners of the Company | 896,181 | 889,901 | |
Non-controlling interests | 60,597 | 55,838 | |
Total equity | 956,778 | 945,739 |
Lion Rock Group Ltd. published this content on 24 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 August 2017 10:42:01 UTC.
Original documenthttp://www.lionrockgrouphk.com/pdf/investor/20170824/EW_1010Ann_0617_24.8.2017.pdf
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