ZIJING INTERNATIONAL FINANCIAL HOLDINGS LIMITED Third Quarterly Report 2015
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 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 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, makes 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 the information contained in this report is accurate and complete in all respects and not misleading and deceptive, and there are no other matters the omission of which would make any statement herein or this report misleading.
Highlights
The Group recorded a turnover of approximately HK$16.19 million for the nine months ended 30 September 2015 (2014: approximately HK$8.00 million).
Profit attributable to shareholders for the nine months ended 30 September 2015 amounted to approximately HK$6.27 million (2014: loss of approximately HK$3.21 million).
The Directors do not recommend the payment of a dividend for the nine months ended 30 September 2015.
Third Quarterly Results (Unaudited)
The board of Directors (the 'Board') is pleased to present the unaudited condensed consolidated results of the Group for the three and nine months ended 30 September 2015 together with the comparative unaudited figures for the corresponding periods in 2014, as follows:
Three months ended 30 September
Nine months ended 30 September
2015 2014 2015 2014
Notes HK$'000 HK$'000 HK$'000 HK$'000
(unaudited) (unaudited) (unaudited) (unaudited)
Turnover 2 6,180 1,604 16,190 7,999
Other revenue 4 - - - - Operating expenses (3,558) (3,120) (9,919) (11,209)
Earnings/(Loss) before
taxation 2,622 (1,516) 6,271 (3,210)
Income tax 5 - - - -
Earnings/(Loss) attributable to equity
holders the Company 2,622 (1,516) 6,271 (3,210)
Attributable to:
Equity holders of the
Company | 2,622 | (1,516) | 6,271 | (3,210) | |
2,622 | (1,516) | 6,271 | (3,210) | ||
Earnings/(Loss) per share Basic earnings per share (Hong Kong cents) | 6 | 0.41 | (0.24) | 0.98 | (0.50) |
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distributed by
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