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(Stock Code: 0113) GROUP INTERIM RESULTS FOR THE SIX MONTHS ENDED 30TH SEPTEMBER, 2016The board of directors ("the Board") of Dickson Concepts (International) Limited ("the Company") announces that the unaudited consolidated results of the Company and its subsidiary companies (together "the Group") for the six months ended 30th September, 2016 together with the comparative figures are as follows :-
For the period ended 30th September, 2016
Six months ended 30th September, | |||
NOTE | 2016 (unaudited) HK$'000 | 2015 (unaudited) HK$'000 | |
Revenue | 2 | 1,411,538 | 1,807,915 |
Cost of sales | (727,491) | (882,419) | |
Gross profit | 684,047 | 925,496 | |
Other income / (loss) | 3 | 58,240 | (18,414) |
Selling and distribution expenses | (611,235) | (812,937) | |
Administrative expenses | (95,126) | (110,284) | |
Other operating expenses | (31,158) | (51,770) | |
Operating profit / (loss) | 4,768 | (67,909) | |
Finance costs | (614) | (865) | |
Share of profits less losses of associated companies | － | (5,541) | |
Profit / (loss) before taxation | 4 | 4,154 | (74,315) |
Taxation | 5 | (2,422) | (1,910) |
Profit / (loss) for the period attributable to equity shareholders of the Company | 1,732 | (76,225) | |
Earnings / (loss) per share (basic and diluted) | 6 | 0.5 cents | (19.7) cents |
For the period ended 30th September, 2016
Six months ended 30th September, | ||
2016 (unaudited) HK$'000 | 2015 (unaudited) HK$'000 | |
Profit / (loss) for the period | 1,732 -------------- | (76,225) -------------- |
Other comprehensive income for the period : | ||
Items that may be reclassified subsequently to profit or loss : | ||
Exchange differences on translation of accounts of overseas subsidiary and associated companies (Note) | 3,471 | (37,697) |
Available-for-sale equity securities : Changes in fair value recognised during the period | 49,228 | (21,649) |
Reclassification adjustments for amounts transferred to profit or loss :
| (50,036) － | (3,347) 23,123 |
Net movement in the fair value reserve during the period recognised in other comprehensive income (Note) | (808) | (1,873) |
Other comprehensive income for the period | ----2,663 ---------- | (39,570) -------------- |
Total comprehensive income for the period attributable to equity shareholders of the Company | 4,395 | (115,795) |
Note :-
There is no tax effect relating to the above components of the comprehensive income.
CONSOLIDATED STATEMENT OF FINANCIAL POSITIONAt 30th September, 2016
30/9/2016 (unaudited) | 31/3/2016 (audited) | ||
NOTE | HK$'000 | HK$'000 | |
Non-current assets | |||
Property, plant and equipment | 137,592 | 159,367 | |
Associated company | 24,106 | 24,898 | |
Deferred tax assets | 2,354 | 2,292 | |
Other financial assets | 8 | 176,814 | 243,723 |
340,866 | 430,280 | ||
Current assets | |||
Inventories | 684,570 | 652,063 | |
Debtors, deposits and prepayments | 9 | 301,150 | 308,732 |
Tax recoverable | 2,913 | 4,598 | |
Other financial assets | 8 | 65,806 | 65,837 |
Cash and bank balances | 1,254,651 | 1,391,120 | |
2,309,090 ----------- | 2,422,350 ------------- | ||
Current liabilities | |||
Bank loans | 10 | 39,338 | 74,895 |
Bills payable | 205 | 895 | |
Creditors and accruals | 11 | 568,205 | 689,996 |
Taxation | 13,996 | 14,625 | |
----621,744 ---------- | 780,411 ------------- | ||
Net current assets | 1,687,346 | 1,641,939 | |
Total assets less current liabilities | 2,028,212 | 2,072,219 | |
Non-current liabilities | |||
Deferred tax liabilities | 24,603 | 30,386 | |
Amount due to an associated company | 23,531 | 24,300 | |
Net assets | 1,980,078 | 2,017,533 | |
Capital and reserves | |||
Share capital | 12 | 114,135 | 114,135 |
Reserves | 1,865,943 | 1,903,398 | |
Total equity attributable to equity shareholders of the Company | 1,980,078 | 2,017,533 | |