Roma : ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 MARCH 2017

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ROMA GROUP LIMITED

羅 馬 集 團 有 限 公 司 *

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 8072) ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 MARCH 2017 CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ("GEM") OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate 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. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors. Given the emerging nature of companies listed on GEM, 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 Roma Group Limited (the "Company") collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM (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.

• For identification purpose only

  FINANCIAL HIGHLIGHTS

  For the year ended 31 March 2017:

  • Revenue decreased to approximately HK$112.0 million, representing a decrease of approximately 5.2% as compared with that for the year ended 31 March 2016;

  • Profit for the year decreased to approximately HK$21.2 million, representing a decrease of approximately 41.9% as compared with that for the year ended 31 March 2016;

  • Basic and diluted earnings per share attributable to the ordinary equity holders of the Company were HK0.42 cents; and

  • No final dividend was declared.

ANNUAL RESULTS

The board of Directors (the "Board") announces the audited consolidated results of the Company and its subsidiaries (the "Group") for the year ended 31 March 2017 together with the comparative audited figures for the preceding financial year as follows:

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

For the year ended 31 March 2017

2017	2016
Notes	HK$'000	HK$'000
Revenue	4	111,992	118,102
Other income	6	2,855	4,717
Employee benefit expenses	7	(33,646)	(31,532)
Depreciation and amortisation	8	(4,011)	(3,463)
Finance costs	9	(1,600)	(1,226)
Other expenses	(50,276)	(41,399)
Profit before income tax expense	8	25,314	45,199
Income tax expense	10	(4,065)	(8,612)
Profit and total comprehensive income for the year attributable to owners of the Company	21,249	36,587
Earnings per share
- Basic	12	0.42 cents	0.84 cents
- Diluted	12	0.42 cents	0.84 cents

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at 31 March 2017

2017	2016
Notes	HK$'000	HK$'000
ASSETS AND LIABILITIES
Non-current assets
Property, plant and equipment	4,937	6,600
Intangible assets	13	20,532	22,705
Goodwill	14	25,329	25,329
Available-for-sale investments	15	25,000	25,000
Loans and interests receivable	16	9,445	11,076
85,243	90,710
Current assets
Loans and interests receivable	16	303,399	273,406
Trade receivables	17	25,351	23,647
Prepayments, deposits and other receivables	18	64,014	43,442
Pledged bank deposits	54,062	61,758
Tax recoverable	2,169	-
Cash and bank balances	17,291	40,312
466,286	442,565
Current liabilities
Trade payables	19	307	323
Accrued liabilities and other payables and receipt in advance	20	15,599	15,093
Finance lease liabilities	21	1,547	1,560
Bank borrowings	22	51,898	50,316
Current tax liabilities	663	3,706
70,014	70,998
Net current assets	396,272	371,567
Total assets less current liabilities	481,515	462,277
Non-current liabilities
Finance lease liabilities	21	2,312	3,859
Bank borrowing	22	-	231
Deferred tax liabilities	2,718	2,951
5,030	7,041
Net assets	476,485	455,236