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COMPUTIME GROUP LIMITED金寶通集團有限公 司 *
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 320) ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2017The board of directors (the "Board") of Computime Group Limited (the "Company" or "Computime") is pleased to announce the unaudited interim condensed consolidated results of the Company and its subsidiaries (collectively the "Group") for the six months ended 30 September 2017 ("1H FY2018" or the "Period") together with the comparative figures for the six months ended 30 September 2016.
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the six months ended 30 SeptemberNotes | 2017 (Unaudited) HK$'000 | 2016 (Unaudited) HK$'000 | |
REVENUE | 3, 4 | 1,911,786 | 1,707,600 |
Cost of sales | (1,631,758) | (1,473,874) | |
Gross profit | 280,028 | 233,726 | |
Other income | 2,894 | 14,136 | |
Selling and distribution expenses | (64,091) | (47,599) | |
Administrative expenses | (144,081) | (130,163) | |
Other operating income/(expenses), net | 386 | (10,368) | |
Finance costs | 5 | (8,274) | (4,835) |
Share of profit of an associate | 329 | 830 | |
PROFIT BEFORE TAX | 6 | 67,191 | 55,727 |
Income tax expense | 7 | (13,570) | (13,657) |
PROFIT FOR THE PERIOD | 53,621 | 42,070 |
Note | 2017 (Unaudited) HK$'000 | 2016 (Unaudited) HK$'000 |
ATTRIBUTABLE TO: Owners of the Company | 53,622 | 42,073 |
Non-controlling interests | (1) | (3) |
53,621 | 42,070 | |
EARNINGS PER SHARE ATTRIBUTABLE TO | ||
OWNERS OF THE COMPANY | 9 | |
Basic | 6.41 HK cents | 5.04 HK cents |
Diluted | 6.34 HK cents | 5.00 HK cents |
HK$'000 HK$'000
PROFIT FOR THE PERIOD 53,621 42,070 OTHER COMPREHENSIVE INCOME/(EXPENSE)Other comprehensive income/(expense) to be reclassified to profit or loss in subsequent periods:
Cash flow hedges:
Effective portion of changes in fair value of
hedging instruments arising during the period (10,778) 7,414 Reclassification adjustments for losses/(gains) included
in the condensed consolidated statement of profit or loss 18,333 (2,370)
7,555 | 5,044 | |
Exchange differences on translation of foreign operations | 14,129 | (20,890) |
Attributable to:
Owners of the Company | 75,306 | 26,227 |
Non-controlling interests | (1) | (3) |
Notes | 30 September 2017 (Unaudited) HK$'000 | 31 March 2017 (Audited) HK$'000 | |
NON-CURRENT ASSETS Property, plant and equipment | 206,305 | 170,966 | |
Goodwill | 36,420 | 36,420 | |
Club debenture | 705 | 705 | |
Intangible assets | 113,796 | 106,801 | |
Interest in an associate Available-for-sale investment Prepayments and deposits | 6,343 - 3,272 | 6,277 - 3,338 | |
Total non-current assets | 366,841 | 324,507 | |
CURRENT ASSETS Inventories | 859,139 | 627,068 | |
Trade receivables | 10 | 551,467 | 602,636 |
Prepayments, deposits and other receivables | 46,872 | 51,294 | |
Tax recoverable | 5,041 | 5,041 | |
Derivative financial instruments | 12,018 | 19,154 | |
Cash and cash equivalents | 754,402 | 771,920 | |
Total current assets | 2,228,939 | 2,077,113 | |
CURRENT LIABILITIES Trade and bills payables | 11 | 773,098 | 729,580 |
Other payables and accrued liabilities | 98,687 | 115,004 | |
Interest-bearing bank borrowings | 333,559 | 264,877 | |
Amounts due to non-controlling shareholders | 160 | 160 | |
Dividend payable | 62,981 | - | |
Derivative financial instruments | 18,025 | - | |
Tax payable | 27,564 | 26,854 | |
Total current liabilities | 1,314,074 | 1,136,475 | |
NET CURRENT ASSETS | 914,865 | 940,638 | |
TOTAL ASSETS LESS CURRENT LIABILITIES (to be continued) | 1,281,706 | 1,265,145 |