Vinco Financial : FIRST QUARTERLY REPORT 2016

2ded75df-b2cf-44d6-b58f-070370befa3d.pdf

First Quarterly Report 2016

CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ("GEM") OF THE STOCK EXCHANGE OF HONG KONG (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 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 and no assurance is given that there will be a liquid market in the securities traded on GEM.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this report, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss however arising from or in reliance upon the whole or any part of the contents of this report.

This report, for which the directors (the "Directors") of Vinco Financial Group Limited (the "Company", together with its subsidiaries, the "Group") collectively and individually accept full responsibility, include particulars given in compliance with 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: (1) the information contained in this report is accurate and complete in all respects and not misleading; (2) there are no other matters the omission of which would make any statement in this report misleading; and (3) all opinions expressed in this report have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable.

HIGHLIGHTS

•

The Group recorded a revenue of approximately HK$4.22 million for the three months ended

31 March 2016 (2015: approximately HK$4.57 million).

•

Profit attributable to shareholders for the three months ended 31 March 2016 amounted

to approximately HK$0.43 million as compared to net profit of approximately HK$1.42 million for the corresponding period in the previous fiscal year.

•

The Directors do not recommend the payment of any dividend for the three months ended

31 March 2016.

2 VINCO FINANCIAL GROUP LIMITED First Quarterly Results (Unaudited)

The board of Directors (the "Board") is pleased to present the unaudited condensed consolidated results of the Group for the three months ended 31 March 2016 together with the comparative unaudited figures for the corresponding periods in 2015, as follows:

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME Three months ended 31 March

Notes	2016 HK$'000 (unaudited)	2015 HK$'000 (unaudited)
Revenue	2	4,215	4,570
Operating expenses	(3,788)	(3,150)
Profit before taxation	427	1,420
Income tax	4	-	-
Profit attributable to equity holders of the Company	427	1,420
Attributable to:
Equity holders of the Company	427	1,420

427 1,420

Earnings per share Basic earnings per share

(Hong Kong cents) 5 0.07 0.22

FIRST QUARTERLY REPORT 2016 3