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ALLAN INTERNATIONAL HOLDINGS LIMITED(Incorporated in Bermuda with limited liability)
The board of directors of Allan International Holdings Limited (the "Company") announces the unaudited condensed consolidated results of the Company and its subsidiaries (the "Group") for the six months ended 30 September 2017 together with the comparative figures for the six months ended 30 September 2016, as follows:
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMEFor the six months ended 30 September 2017
Six months ended 30 September 2017 2016NOTES | (Unaudited) HK$'000 | (Unaudited) HK$'000 | |
Revenue | 3 | 695,883 | 696,649 |
Cost of sales | (626,262) | (595,731) | |
Gross profit | 69,621 | 100,918 | |
Other income | 4 | 13,969 | 14,100 |
Other gains and losses | 1,249 | (508) | |
Selling and distribution expenses | (12,593) | (12,902) | |
Administrative expenses | (55,252) | (61,870) | |
Gain from changes in fair value of | |||
investment properties | 3,000 | 600 | |
Finance costs on bank loans | (273) | (368) | |
Profit before tax | 19,721 | 39,970 | |
Income tax expense | 5 | (2,310) | (5,412) |
Profit for the period | 17,411 | 34,558 |
NOTES HK$'000 HK$'000
Other comprehensive income (expense): Items that may be reclassified subsequently to profit or loss:Exchange differences arising on translating
foreign operations | 5,563 | (7,140) | |
Net fair value gain on available-for-sale investments Reclassified to profit or loss upon redemption of available-for-sale investments | 640 237 | 469 5 | |
Other comprehensive income (expense) for the period | 6,440 | (6,666) | |
Total comprehensive income for the period | 23,851 | 27,892 | |
Earnings per share Basic | 6 | HK5.19 cents | HK10.30 cents |
At 30 September 2017
30 September 2017 (Unaudited) | 31 March 2017 (Audited) | ||
NOTES | HK$'000 | HK$'000 | |
Non-current assets | |||
Investment properties | 8 | 253,800 | 250,800 |
Property, plant and equipment | 9 | 176,838 | 179,602 |
Prepaid lease payments | 23,332 | 22,994 | |
Club debentures | 13,176 | 13,176 | |
Available-for-sale investments | 59,825 | 17,010 | |
Financial assets designated at fair value through | |||
profit or loss ("FVTPL") | 1,939 | 1,920 | |
Deposits paid for acquisition of property, | |||
plant and equipment | 2,957 | 1,879 | |
531,867 | 487,381 | ||
Current assets | |||
Inventories | 103,524 | 88,210 | |
Trade receivables and bills receivable | 10 | 332,718 | 254,189 |
Other receivables | 28,712 | 22,157 | |
Mould deposits paid | 9,767 | 14,295 | |
Prepaid lease payments | 668 | 677 | |
Available-for-sale investments | 4,442 | 8,548 | |
Tax recoverable | 1,376 | 1,441 | |
Short-term deposits | 111,602 | 213,362 | |
Bank balances and cash | 550,688 | 517,924 | |
1,143,497 | 1,120,803 | ||
Current liabilities | |||
Trade payables | 11 | 270,810 | 188,658 |
Other payables and accruals | 136,885 | 122,885 | |
Deferred income | 19,252 | 19,252 | |
Mould deposits received | 43,242 | 41,213 | |
Tax liabilities | 41,190 | 40,734 | |
Secured bank loans - due within one year | 5,124 | 5,124 | |
516,503 | 417,866 |
30 September 2017 (Unaudited) | 31 March 2017 (Audited) | ||
NOTES | HK$'000 | HK$'000 | |
Net current assets | 626,994 | 702,937 | |
Total assets less current liabilities | 1,158,861 | 1,190,318 | |
Non-current liabilities | |||
Deferred tax liabilities | 5,170 | 13,069 | |
Deferred income | 8,022 | 17,649 | |
Secured bank loans - due after one year | 38,847 | 41,409 | |
52,039 | 72,127 | ||
Net assets | 1,106,822 | 1,118,191 | |
Capital and reserves | |||
Share capital | 12 | 33,543 | 33,543 |
Reserves | 1,073,279 | 1,084,648 | |
1,106,822 | 1,118,191 |