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Sinomax Group Limited盛 諾 集 團 有 限 公 司
(Incorporated under the laws of the Cayman Islands with limited liability)
(Stock Code: 1418) ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017PERFORMANCE HIGHLIGHTS |
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The board (the "Board") of directors (the "Directors") of Sinomax Group Limited (the "Company") is pleased to announce the unaudited condensed consolidated interim results of the Company and its subsidiaries (collectively, the "Group") for the six months ended 30 June 2017, together with the comparative figures for the corresponding period in 2016, as follows:
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMEFOR THE SIX MONTHS ENDED 30 JUNE 2017
For the six months | ||||
ended 30 June | ||||
NOTES | 2017 | 2016 | ||
HK$'000 | HK$'000 | |||
(unaudited) | (unaudited) | |||
Revenue | 3 | 1,946,759 | 1,533,836 | |
Cost of sales | (1,551,906) | (1,115,419) | ||
Gross profit | 394,853 | 418,417 | ||
Other income | 22,266 | 16,566 | ||
Other gains and losses | (6,220) | 1,524 | ||
Selling and distribution costs | (231,134) | (216,439) | ||
Administrative expenses | (107,155) | (93,223) | ||
Share of loss of an associate | - | (8,304) | ||
Net loss on derecognition of an associate | - | (13,524) | ||
Finance costs | (10,635) | (5,111) | ||
Other expenses | (49,707) | (42,613) | ||
Profit before taxation | 12,268 | 57,293 | ||
Income tax expenses | 4 | (2,397) | (15,494) | |
Profit for the period | 5 | 9,871 | 41,799 | |
Other comprehensive income (expenses) that may be reclassified subsequently to profit or loss | ||||
Exchange difference arising on translation of foreign operations | 29,682 | (14,236) | ||
Total comprehensive income for the period | 39,553 | 27,563 | ||
Profit for the period attributable to: | ||||
Owners of the Company | 10,685 | 39,909 | ||
Non-controlling interests | (814) | 1,890 | ||
9,871 | 41,799 | |||
Total comprehensive income for the period attributable to: | ||||
Owners of the Company | 40,806 | 26,658 | ||
Non-controlling interests | (1,253) | 905 | ||
39,553 | 27,563 | |||
Earnings per share | 7 | |||
- Basic | HK0.61 cent | HK2.28 cents | ||
- Diluted | HK0.61 cent | HK2.28 cents |
AT 30 JUNE 2017
At | At | |||
30 June | 31 December | |||
NOTES | 2017 | 2016 | ||
HK$'000 | HK$'000 | |||
(unaudited) | (audited) | |||
NON-CURRENT ASSETS | ||||
Property, plant and equipment | 675,855 | 572,917 | ||
Investment properties | 83,060 | 82,274 | ||
Prepaid lease payments | 65,589 | 64,469 | ||
Deposits paid for acquisition of property, plant and equipment | 33,243 | 50,781 | ||
Goodwill | 61,658 | 60,926 | ||
Intangible assets | 140,406 | 143,545 | ||
Rental deposits | 24,044 | 23,952 | ||
Deferred tax assets | 32,221 | 22,673 | ||
1,116,076 | 1,021,537 | |||
CURRENT ASSETS | ||||
Inventories | 598,700 | 475,941 | ||
Prepaid lease payments | 1,655 | 1,607 | ||
Trade and other receivables | 8 | 921,730 | 870,760 | |
Bills receivables | 9 | 17,246 | 11,714 | |
Pledged bank deposits | 4,999 | 5,053 | ||
Fixed bank deposits | 19,223 | 18,623 | ||
Bank balances and cash | 163,329 | 131,848 | ||
1,726,882 | 1,515,546 |
At | At | |||
30 June | 31 December | |||
NOTES | 2017 | 2016 | ||
HK$'000 | HK$'000 | |||
(unaudited) | (audited) | |||
CURRENT LIABILITIES | ||||
Trade and other payables | 10 | 724,766 | 617,331 | |
Bills payables | 11 | 75,509 | 85,433 | |
Dividend payable | 17,500 | - | ||
Taxation payable | 16,836 | 24,000 | ||
Bank borrowings | 493,635 | 391,593 | ||
1,328,246 | 1,118,357 | |||
NET CURRENT ASSETS | 398,636 | 397,189 | ||
TOTAL ASSETS LESS CURRENT LIABILITIES | 1,514,712 | 1,418,726 | ||
NON-CURRENT LIABILITIES | ||||
Bank borrowings | 170,344 | 85,303 | ||
Deferred tax liabilities | 117,323 | 119,327 | ||
287,667 | 204,630 | |||
NET ASSETS | 1,227,045 | 1,214,096 | ||
CAPITAL AND RESERVES | ||||
Share capital | 175,000 | 175,000 | ||
Reserves | 910,390 | 884,290 | ||
Equity attributable to owners of the Company | 1,085,390 | 1,059,290 | ||
Non-controlling interests | 141,655 | 154,806 | ||
TOTAL EQUITY | 1,227,045 | 1,214,096 |
Sinomax Group Ltd. published this content on 29 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 September 2017 06:22:03 UTC.
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