Kidsland International Holdings Limited Recommends Final Dividend for the Year Ended 31 December 2017, Payable on 13 June 2018; Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2017
The company reported audited consolidated earnings results for the year ended December 31, 2017. For the year, revenue was HKD 1,862,176,000 against HKD 1,638,374,000 a year ago. Profit before tax was HKD 93,497,000 against HKD 117,644,000 a year ago. Profit for the year was HKD 65,366,000 against HKD 89,986,000 a year ago. Profit for the year attributable to owners of the company was HKD 59,352,000 against HKD 89,200,000 a year ago. Basic and diluted earnings per share were 9.4 cents against 14.9 cents per basic share a year ago. Increase in the Group's revenue was mainly brought by the increase in the number of retail points; the increase in comparable retail points sales and the rapid growth in the online sales. EBITDA of the Group for 2017 decreased by 10% from approximately HKD 139.6 million for 2016 to approximately HKD 126.2 million for 2017. Excluding the non-recurring listing expenses and share-based payment expenses in aggregate of approximately HKD 23.6 million, EBITDA for the year increased by 1%. During the year, the Group invested approximately HKD 40.3 million (2016: approximately HKD 38.1 million) in property, plant and equipment, primarily attributable to the increase in the number of the Group's retail points.