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.
ROMA GROUP LIMITED羅 馬 集 團 有 限 公 司 *
(Incorporated in the Cayman Islands with limited liability)
(Stock code: 8072) ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 MARCH 2017 CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ("GEM") OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate companies to which a higher 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.This announcement, for which the directors (the "Directors") of Roma Group Limited (the "Company") collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM (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 herein or this announcement misleading.
For identification purpose only
FINANCIAL HIGHLIGHTSFor the year ended 31 March 2017:
Revenue decreased to approximately HK$112.0 million, representing a decrease of approximately 5.2% as compared with that for the year ended 31 March 2016;
Profit for the year decreased to approximately HK$21.2 million, representing a decrease of approximately 41.9% as compared with that for the year ended 31 March 2016;
Basic and diluted earnings per share attributable to the ordinary equity holders of the Company were HK0.42 cents; and
No final dividend was declared.
The board of Directors (the "Board") announces the audited consolidated results of the Company and its subsidiaries (the "Group") for the year ended 31 March 2017 together with the comparative audited figures for the preceding financial year as follows:
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOMEFor the year ended 31 March 2017
2017 | 2016 | |||
Notes | HK$'000 | HK$'000 | ||
Revenue | 4 | 111,992 | 118,102 | |
Other income | 6 | 2,855 | 4,717 | |
Employee benefit expenses | 7 | (33,646) | (31,532) | |
Depreciation and amortisation | 8 | (4,011) | (3,463) | |
Finance costs | 9 | (1,600) | (1,226) | |
Other expenses | (50,276) | (41,399) | ||
Profit before income tax expense | 8 | 25,314 | 45,199 | |
Income tax expense | 10 | (4,065) | (8,612) | |
Profit and total comprehensive income for the year attributable to owners of the Company | 21,249 | 36,587 | ||
Earnings per share | ||||
- Basic | 12 | 0.42 cents | 0.84 cents | |
- Diluted | 12 | 0.42 cents | 0.84 cents |
As at 31 March 2017
2017 | 2016 | |||
Notes | HK$'000 | HK$'000 | ||
ASSETS AND LIABILITIES | ||||
Non-current assets | ||||
Property, plant and equipment | 4,937 | 6,600 | ||
Intangible assets | 13 | 20,532 | 22,705 | |
Goodwill | 14 | 25,329 | 25,329 | |
Available-for-sale investments | 15 | 25,000 | 25,000 | |
Loans and interests receivable | 16 | 9,445 | 11,076 | |
85,243 | 90,710 | |||
Current assets | ||||
Loans and interests receivable | 16 | 303,399 | 273,406 | |
Trade receivables | 17 | 25,351 | 23,647 | |
Prepayments, deposits and other receivables | 18 | 64,014 | 43,442 | |
Pledged bank deposits | 54,062 | 61,758 | ||
Tax recoverable | 2,169 | - | ||
Cash and bank balances | 17,291 | 40,312 | ||
466,286 | 442,565 | |||
Current liabilities | ||||
Trade payables | 19 | 307 | 323 | |
Accrued liabilities and other payables and receipt in advance | 20 | 15,599 | 15,093 | |
Finance lease liabilities | 21 | 1,547 | 1,560 | |
Bank borrowings | 22 | 51,898 | 50,316 | |
Current tax liabilities | 663 | 3,706 | ||
70,014 | 70,998 | |||
Net current assets | 396,272 | 371,567 | ||
Total assets less current liabilities | 481,515 | 462,277 | ||
Non-current liabilities | ||||
Finance lease liabilities | 21 | 2,312 | 3,859 | |
Bank borrowing | 22 | - | 231 | |
Deferred tax liabilities | 2,718 | 2,951 | ||
5,030 | 7,041 | |||
Net assets | 476,485 | 455,236 |
Roma Group Ltd. published this content on 15 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 June 2017 15:35:07 UTC.
Original documenthttp://www.romagroup.com/pdf/ann/ann20170615e.pdf
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