GUOCO GROUP LIMITED 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.
OVERSEAS REGULATORY ANNOUNCEMENT(This overseas regulatory announcement is issued pursuant to Rule 13.10(B) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.)
Please refer to the attached announcement on the next page.
As at the date of this announcement, the board of directors of Guoco Group Limited comprises Mr. Kwek Leng Hai as Executive Chairman; Mr. Tang Hong Cheong as President & CEO; Mr. Kwek Leng San and Mr. Tan Lim Heng as Non-executive Directors and Mr. Volker Stoeckel, Mr. Roderic N. A. Sage and Mr. David Michael Norman as Independent Non-executive Directors.
1/20/2017 Financial Statements and Related Announcement::Half Yearly Results
Financial Statements and Related Announcement::Half Yearly ResultsIssuer & Securities | |
Issuer/ Manager | GUOCOLAND LIMITED |
Securities | GUOCOLAND LIMITED SG1R95002270 F17 |
Stapled Security | No |
Announcement Details | |
Announcement Title | Financial Statements and Related Announcement |
Date & Time of Broadcast | 20Jan2017 18:19:39 |
Status | New |
Announcement Sub Title | Half Yearly Results |
Announcement Reference | SG170120OTHRLVFF |
Submitted By (Co./ Ind. Name) | Mary Goh Swon Ping |
Designation | Group Company Secretary |
Effective Date and Time of the event | 20/01/2017 18:20:00 |
Description (Please provide a detailed description of the event in the box below Refer to the Online help for the format) | Please refer to the attachment. |
Additional Details | |
For Financial Period Ended | 31/12/2016 |
Attachments | SGXDec2016.pdf Total size =532K |
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UNAUDITED SECOND QUARTER AND HALF YEAR FINANCIAL STATEMENT ANNOUNCEMENT FOR THE PERIOD ENDED 31 DECEMBER 2016 1(a) An income statement (for the Group) together with a comparative statement for the corresponding period of the immediately preceding financial year. Group Second Quarter Ended Increase/ Group Half Year Ended Increase/31/12/2016 S$'000 | 31/12/2015 S$'000 | (Decrease) % | 31/12/2016 S$'000 | 31/12/2015 S$'000 | (Decrease) % | |
Revenue | 231,976 | 239,503 | (3) | 434,740 | 679,336 | (36) |
Cost of sales | (184,559) | (178,653) | 3 | (344,646) | (474,644) | (27) |
Gross profit | 47,417 | 60,850 | (22) | 90,094 | 204,692 | (56) |
Other income | 24,765 | 20,777 | 19 | 37,191 | 582,032 | (94) |
Administrative expenses | (13,773) | (13,170) | 5 | (28,299) | (43,775) | (35) |
Other expenses | (614) | (7,672) | (92) | (1,988) | (8,382) | (76) |
Finance costs | (18,902) | (17,111) | 10 | (26,492) | (36,159) | (27) |
Share of profit/(loss) of associates and joint ventures (net of tax) | ||||||
44,794 | 724 | N/M | 44,675 | (223) | N/M | |
Profit before tax 83,687 | 44,398 | 88 | 115,181 | 698,185 | (84) | |
Tax expense (16,066) | (1,563) | N/M | (23,672) | (137,742) | (83) | |
Profit for the period 67,621 | 42,835 | 58 | 91,509 | 560,443 | (84) | |
Profit attributable to: Equity holders of the Company 57,124 | 39,033 | 46 | 82,768 | 555,532 | (85) | |
Non-controlling interests 10,497 | 3,802 | 176 | 8,741 | 4,911 | 78 | |
67,621 | 42,835 | 58 | 91,509 | 560,443 | (84) | |
N/M : Not meaningful.
1(a)(i) Breakdown and explanatory notes to the income statement:- Group Second Quarter Ended Increase/ Group Half Year Ended Increase/ 31/12/2016 31/12/2015 (Decrease) 31/12/2016 31/12/2015 (Decrease) S$'000 S$'000 % S$'000 S$'000 %Interest income 3,712 5,435 (32) 7,556 7,577 -
Depreciation of property, plant and
equipment (1,423) (1,535) (7) (2,937) (3,362) (13)
Net fair value | ||||||
gain/(loss) on | ||||||
derivative financial | ||||||
instruments | 3,977 | (7,075) | N/M | 8,842 | (6,097) | N/M |
Net foreign exchange
gain 15,482 13,960 11 18,091 19,918 (9)
Fair value gain from
investment properties - 144 (100) - 5,146 (100)
Gain on disposal of
interests in subsidiaries - - - - 546,339 (100) N/M : Not meaningful.
The gain on disposal of interests in subsidiaries for the half year ended 31 December 2015 was the finalised balance subsequent to the audit for the year ended 30 June 2016.
Guoco Group Limited published this content on 20 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 January 2017 10:54:05 UTC.
Original documenthttp://www.irasia.com/listco/hk/guoco/announcement/a169469-ew_gll_20_01_17.pdf
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