First Quarterly Report 2016
CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ("GEM") OF THE STOCK EXCHANGE OF HONG KONG (THE "STOCK EXCHANGE")Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this report, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss however arising from or in reliance upon the whole or any part of the contents of this report.
This report, for which the directors (the "Directors") of Vinco Financial Group Limited (the "Company", together with its subsidiaries, the "Group") collectively and individually accept full responsibility, include particulars given in compliance with 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: (1) the information contained in this report is accurate and complete in all respects and not misleading; (2) there are no other matters the omission of which would make any statement in this report misleading; and (3) all opinions expressed in this report have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable.
HIGHLIGHTS•
The Group recorded a revenue of approximately HK$4.22 million for the three months ended
31 March 2016 (2015: approximately HK$4.57 million).
•
Profit attributable to shareholders for the three months ended 31 March 2016 amounted
to approximately HK$0.43 million as compared to net profit of approximately HK$1.42 million for the corresponding period in the previous fiscal year.
•
The Directors do not recommend the payment of any dividend for the three months ended
31 March 2016.
The board of Directors (the "Board") is pleased to present the unaudited condensed consolidated results of the Group for the three months ended 31 March 2016 together with the comparative unaudited figures for the corresponding periods in 2015, as follows:
Notes | 2016 HK$'000 (unaudited) | 2015 HK$'000 (unaudited) | |
Revenue | 2 | 4,215 | 4,570 |
Operating expenses | (3,788) | (3,150) | |
Profit before taxation | 427 | 1,420 | |
Income tax | 4 | - | - |
Profit attributable to equity holders of the Company | 427 | 1,420 | |
Attributable to: | |||
Equity holders of the Company | 427 | 1,420 |
Earnings per share Basic earnings per share
(Hong Kong cents) 5 0.07 0.22
FIRST QUARTERLY REPORT 2016 3
Vinco Financial Group Ltd. issued this content on 20 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 April 2016 09:22:14 UTC
Original Document: http://www.vinco.com.hk/files/GLN20160420009.pdf