Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the "Stock Exchange") take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Tsui Wah Holdings Limited ၯശછٰϞࠢʮ̡
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1314)
INTERIM RESULTS ANNOUNCEMENT
FOR THE SIX-MONTH PERIOD ENDED 30 SEPTEMBER 2018
FINANCIAL HIGHLIGHTS
Six-month period ended
30 September
% Change
2018 | 2017 | ||
(Unaudited) | (Unaudited) | ||
HK$'000 | HK$'000 | ||
Revenue | 895,772 | 904,841 | (1.0)% |
Hong Kong# | 561,805 | 590,505 | (4.9)% |
Mainland China | 325,481 | 303,899 | 7.1% |
Others* | 8,486 | 10,437 | (18.7)% |
EBITDA1 | 72,286 | 115,562 | (37.4)% |
Profit attributable to owners | |||
of the Company | 14,410 | 48,009 | (70.0)% |
Basic earnings per share | HK1.02 cents | HK3.40 cents | (70.0)% |
Number of restaurants including | |||
joint ventures | |||
(As at 30 September) | 2018 | 2017 | |
Hong Kong | 36 | 31 | |
Mainland China | 34 | 31 | |
Macau | 3 | 3 | |
Singapore | 1 | - |
# | Revenue from external customers located in Hong Kong includes revenue derived from the sale of food to a |
joint venture of the Group amounting to approximately HK$3,940,000 (six-month period ended 30 | |
September 2017: approximately HK$4,441,000). | |
* | Represents revenue derived from the sale of food to a joint venture of the Group. |
1 | Means earnings before interest, tax, depreciation and amortization. |
INTERIM RESULTS
The board (the "Board") of directors (the "Directors", each a "Director") of Tsui Wah Holdings Limited (the "Company") announces the unaudited condensed consolidated interim results of the Company and its subsidiaries (collectively the "Group" or "Tsui Wah") for the six-month period ended 30 September 2018 together with relevant comparative audited or unaudited figures. The interim financial information for the six-month period ended 30 September 2018 has not been audited, but has been reviewed by the audit committee of the Company (the "Audit Committee") and the external auditors of the Company.
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the six-month period ended 30 September 2018
Six-month period ended
30 September
2018 2017
(Unaudited) (Unaudited)
Notes
HK$'000 HK$'000
REVENUE | 4 | 895,772 | 904,841 |
Other income | 6,987 | 5,843 | |
Cost of inventories sold | (249,969) | (250,800) | |
Staff costs | (280,359) | (257,471) | |
Depreciation and amortisation | (53,934) | (53,676) | |
Property rentals and related expenses | (157,644) | (166,844) | |
Fuel and utility expenses | (45,059) | (43,359) | |
Selling and distribution expenses | (17,999) | (18,068) | |
Other operating expenses | (97,497) | (76,072) | |
Finance costs | (823) | (785) | |
Share of profits of joint ventures | 20,411 | 18,797 | |
PROFIT BEFORE TAX | 19,886 | 62,406 | |
Income tax expense | 5 | (5,415) | (14,179) |
PROFIT FOR THE PERIOD | 14,471 | 48,227 | |
Attributable to: | |||
Owners of the Company | 14,410 | 48,009 | |
Non-controlling interests | 61 | 218 | |
14,471 | 48,227 | ||
EARNINGS PER SHARE ATTRIBUTABLE | |||
TO ORDINARY EQUITY HOLDERS OF | |||
THE COMPANY | |||
Basic | 7 | HK1.02 cents | HK3.40 cents |
Diluted | 7 | N/A | HK3.40 cents |
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME For the six-month period ended 30 September 2018
Six-month period ended
30 September
2018 | 2017 | |
(Unaudited) | (Unaudited) | |
HK$'000 | HK$'000 | |
PROFIT FOR THE PERIOD | 14,471 | 48,227 |
OTHER COMPREHENSIVE INCOME/(LOSS) | ||
Other comprehensive income/(loss) to be reclassified to | ||
profit or loss in subsequent periods: | ||
Exchange differences on translation of foreign operations | (46,287) | 20,395 |
TOTAL COMPREHENSIVE INCOME/(LOSS) | ||
FOR THE PERIOD, NET OF TAX | (31,816) | 68,622 |
Attributable to: | ||
Owners of the Company | (31,877) | 68,404 |
Non-controlling interests | 61 | 218 |
(31,816) | 68,622 |
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 30 September 2018
30 September
2018
(Unaudited)
31 March 2018 (Audited)
Notes
HK$'000
HK$'000
NON-CURRENT ASSETS Property, plant and equipment Investment properties Prepaid land lease payments Intangible assets Investments in joint ventures
Prepayments and deposits paid in advance for purchases of property, plant and equipment Non-current deposits and other receivables Deferred tax assets
8
494,458 502,671
116,018 128,704
23,047 25,576
8,699 7,521
77,424 68,681
63,387 66,941
89,834 99,714
21,685 22,332
Total non-current assets
894,552 922,140
CURRENT ASSETS Inventories
Trade receivables
Prepayments, deposits and other receivables Tax recoverable
Pledged time deposits Cash and cash equivalents
Total current assets
20,542 19,062
9
8,870 8,134
78,175 92,008
3,926 5,805
9,145 9,102
440,129 509,987
•
•
560,787 644,098
CURRENT LIABILITIES Trade payables
Other payables and accruals Interest-bearing bank borrowings Finance lease payables
Tax payable
10
79,022 89,104
144,280 141,520
64,925 66,832
202 4,305
196 5,614
Total current liabilities
292,734 303,266
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
268,053 340,832
1,162,605
1,262,972
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (Continued)
As at 30 September 2018
30 September | 31 March | ||
2018 | 2018 | ||
(Unaudited) | (Audited) | ||
Note | HK$'000 | HK$'000 | |
NON-CURRENT LIABILITIES | |||
Other payable and accruals | 46,728 | 42,620 | |
Finance lease payables | 426 | 529 | |
Deferred tax liabilities | 1,318 | 3,808 | |
Total non-current liabilities | 48,472 | 46,957 | |
Net assets | 1,114,133 | 1,216,015 | |
EQUITY | |||
Equity attributable to owners of the Company | |||
Issued capital | 11 | 14,112 | 14,112 |
Reserves | 1,098,350 | 1,200,293 | |
1,112,462 | 1,214,405 | ||
Non-controlling interests | 1,671 | 1,610 | |
Total equity | 1,114,133 | 1,216,015 |
Attachments
- Original document
- Permalink
Disclaimer
Tsui Wah Holdings Ltd. published this content on 28 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 November 2018 06:35:10 UTC