Man Shing Global Holdings Limited
萬成環球控股有限公司( Incorporated in the Cayman Islands with limited liability ) ( Stock code : 8309 )
First Quarterly Report
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 report, for which the directors of Man Shing Global Holdings Limited collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of the Stock Exchange for the purpose of giving information with regard to Man Shing Global Holdings Limited. The directors of Man Shing Global Holdings Limited, having made all reasonable enquiries, confirm that to the best of their knowledge and belief, the information contained in this report 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 report misleading.
Man Shing Global Holdings Limited • First Quarterly Report 2017
First Quarterly Results (Unaudited)The board (the "Board") of directors (the "Directors") of Man Shing Global Holdings Limited (the "Company") presents the unaudited condensed consolidated results of the Company and its subsidiaries (collectively the "Group") for the three months ended 30 June 2017 together with the comparative unaudited figures for the corresponding period in 2016. The first quarterly results are unaudited, but have been reviewed by the audit committee of the Company.
Consolidated Statement of Profit or Loss and Other Comprehensive IncomeFor the three months ended 30 June 2017
For the three months end 30 JuneNotes | 2017 HK$'000 Unaudited | 2016 HK$'000 Unaudited |
Revenue 3 Cost of sales | 115,917 (106,530) | 90,458 80,148 |
Gross profit Other income 4 Administrative expenses Finance costs 5 | 9,387 242 (13,895) (774) | 10,310 98 (5,807 (711 |
Profit (Loss) before tax Income tax expenses 6 | (5,040) (592) | 3,890 (864 |
Profit (Loss) and total comprehensive income for the year attributable to owners of the Company 7 | (5,632) | 3,026 |
Earnings (Loss) per share (HK cents) Basic and diluted 8 | (0.97) | 0.82 |
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First Quarterly Report 2017 • Man Shing Global Holdings Limited 1
Condensed Consolidated Statement of Changes In Equity (Unaudited)For the three months ended 30 June 2017
Share | Share | Other | Retained | Total | |
Capital | Premium | Reserve | Earnings | Equity | |
Notes | HK$'000 | HK$'000 | HK$'000 | HK$'000 | HK$'000 |
Balance as at 1 April 2017 | 380 | 9,220 | 110 | 18,367 | 28,077 |
Profit (Loss) for the period | - | - | - | (5,632) | (5,632) |
Issuance of ordinary shares | |||||
pursuant to capitalisation | |||||
issue | 4,120 | (4,120) | - | - | - |
Issuance of ordinary shares | |||||
pursuant to share offer | 1,500 | 46,500 | - | - | 48,000 |
Expense incurred in connection | |||||
with the issuance of | |||||
ordinary shares | - | (9,137) | - | - | (9,137) |
Balance as at 30 June 2017 (unaudited) | 6,000 | 42,463 | 110 | 12,735 | 61,308 |
For the three months ended 30 June 2016
Total equity attributable to equity holders of the Company
Share Capital
Share Premium
Other Reserve
Retained Earnings
Total Equity
Notes HK$'000 HK$'000 HK$'000 HK$'000 HK$'000
Balance as at 1 April 2016 - - 110 28,585 28,695
Profit (Loss) for the period - - - 3,026 3,026
Balance as at 30 June 2016
(unaudited) - - 110 31,611 31,721
2 Man Shing Global Holdings Limited • First Quarterly Report 2017
Man Shing Global Holdings Ltd. published this content on 15 August 2017 and is solely responsible for the information contained herein.
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