(incorporated in Bermuda with limited liability)
(Stock Code: 8202)
GEM has been positioned as a market designed to accommodate companies to which a high 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.
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.
This announcement, for which the directors (the "Directors") of Inno-Tech Holdings Limited (the "Company") collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the 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 in this announcement misleading.
* For identification purpose only
•
The Group's turnover from continuing operations for the year ended 30 June 2015 amounted to
approximately HK$39,218,000, a decrease of 23.7% from approximately HK$51,375,000 for the year ended 30 June 2014.
•
Net gain attributable to owners of the Company amounted to HK$716,253,000 for the year ended
30 June 2015 compared to net loss of HK$371,458,000 for the year ended 30 June 2014.
•
Basic and diluted earnings per share from continuing operations was HK$0.91 for the year ended
30 June 2015 compared to basic and diluted loss per share from continuing operations was HK$7.99 (restated) for the year ended 30 June 2014.
•
The Directors do not recommend the payment of a final dividend for the year ended 30 June
2015.
The board of Directors (the "Board") of Inno-Tech Holdings Limited (the "Company") announce the audited consolidated results of the Company and its subsidiaries (the "Group") for the year ended 30 June 2015, together with comparative figures for the year ended 30 June 2014 as follows:
CONSOLIDATED STATEMENT OF PROFIT OR LOSSFor the year ended 30 June 2015
Continuing operations
2015 2014
Notes HK$'000 HK$'000
Turnover 4 39,218 51,375
Cost of sales (70,440) (76,151)
Gross loss (31,222) (24,776)
Other revenue 5 17,482 3,511
Other income 5 2 2
Marketing and promotion expenses (1,795) (1,783)
Administrative expenses (29,610) (28,363)
Finance costs 6 (29,980) (44,007)
Changes in fair value of financial assets at fair value
through profit or loss 28 18
Changes in fair value of derivative financial instruments 702,813 1,284
Gain arising from redemption of convertible notes 35,699 -
Gain arising from extension of promissory notes 13,432 -
Loss arising from extinguishment of convertible notes (42,214) -
Impairment loss on intangible assets (171,899) - Impairment loss on goodwill (3,527) (274,902)
Impairment loss on available-for-sale financial assets - (234)
Profit/(loss) before income tax 7 459,209 (369,250)
Income tax 8 55,135 13,041
Profit/(loss) for the year from continuing operations 514,344 (356,209)
Discontinued operations
Profit/(loss) for the year from discontinued operations 206,249 (21,428)
Profit/(loss) for the year 720,593 (377,637)
Profit/(loss) for the year attributable to:
Owners of the Company 716,253 (371,458)
Non-controlling interests 4,340 (6,179)
720,593 (377,637)
Earnings/(loss) per share attributable to the owners of the Company
(Restated)
From continuing and discontinued operations - Basic and diluted (HK$ per share) | 9 | 1.27 | (8.33) |
From continuing operations - Basic and diluted (HK$ per share) | 9 | 0.91 | (7.99) |
For the year ended 30 June 2015
2015 HK$'000 | 2014 HK$'000 | |
Profit/(loss) for the year | 720,593 | (377,637) |
Other comprehensive (loss)/income for the year Items that may be reclassified subsequently to profit or loss: Exchange differences on translation of financial statements of overseas subsidiaries | (434) | 169 |
Reclassification adjustments relating to foreign operations disposed during the year | 392 | - |
Other comprehensive income for the year | (42) | 169 |
Total comprehensive income/(loss) for the year | 720,551 | (377,468) |
Total comprehensive income/(loss) for the year attributable to: Owners of the Company | 716,211 | (371,364) |
Non-controlling interests | 4,340 | (6,104) |
720,551 | (377,468) |
Inno-Tech Holdings Limited issued this content on 28 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 January 2016 15:07:13 UTC
Original Document: http://www.it-holdings.com.hk/attachment/201601282302020000278_en.PDF
