Perfect International : Announcements and Notices - ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017

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PERFECT GROUP INTERNATIONAL HOLDINGS LIMITED 保發集團國際控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 3326)

ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017

The board (the "Board") of directors (the "Directors") of Perfect Group International Holdings Limited (the "Company") is pleased to announce the unaudited condensed consolidated results of the Company and its subsidiaries (the "Group") for the six months ended 30 June 2017 together with comparative figures for the corresponding period in 2016 as follows:

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the six months ended 30 June 2017

Six months ended 30 June

2017	2016
NOTES	HK$'000	HK$'000
(Unaudited)	(Unaudited)

Revenue	2	178,951	198,348
Cost of goods sold	(121,514)	(142,211)
Gross profit	57,437	56,137
Other income	333	258
Other gains and losses	(1,314)	42
Selling and distribution costs	(8,023)	(6,993)
General and administrative and other expenses	(18,365)	(19,226)
Finance costs	(534)	-
Profit before taxation	3	29,534	30,218
Taxation	4	(3,493)	(3,699)

Profit for the period 26,041 26,519

Six months ended 30 June

2017	2016
NOTES	HK$'000	HK$'000
(Unaudited)	(Unaudited)

Other comprehensive income for the period Item that may be reclassified subsequently

to profit or loss:

Exchange differences arising on translation

of foreign operations 3,987 - Total comprehensive income for the period 30,028 26,519

Profit(loss) for the period attributable to:

Owners of the Company	26,328	26,519
Non-controlling interests	(287)	-

Total comprehensive income attributable to:

26,041 26,519

Owners of the Company	29,119	26,519
Non-controlling interests	909	-

30,028 26,519

Earnings per share

• Basic

  6

  5.9 HK cents 5.9 HK cents

• Diluted 5.8 HK cents 5.9 HK cents

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

At 30 June 2017

At 30 June 2017 NOTES HK$'000 (Unaudited)		At 31 December 2016 HK$'000 (Audited)
Non-current assets
Property, plant and equipment	15,095	6,076
Prepaid lease payments	121,693	-
Rental deposits	752	752
Deferred tax assets	-	688
137,540	7,516
Current assets Inventories	170,651	169,221
Trade and other receivables	7	99,915	75,731
Deposits	3,369	31,619
Prepaid lease payments Financial asset designated as at fair value through profit or loss	2,501 24,176	- -
Bank balances and cash	124,816	202,567
425,428	479,138
Current liabilities Trade and other payables	8	40,352	31,069
Taxation payable	9,410	11,031
Dividend payable	13,500	-
Bank loans	20,735	2,365
Other borrowing	-	28,250
83,997	72,715
Net current assets	341,431	406,423
Total assets less current liabilities	478,971	413,939

At At 30 June 31 December 2017 2016

NOTES HK$'000 HK$'000

(Unaudited) (Audited)

Non-current liabilities

Provision for long service payments	1,177	999
Deferred tax liabilities	216	-
1,393	999
Net assets	477,578	412,940
Share capital and reserves Share capital	9	4,500	4,500
Reserves	424,891	408,440
Equity attributable to owners of the Company	429,391	412,940
Non-controlling interests	48,187	-
Total equity	477,578	412,940