Global Tech : Second Interim Results for the nine months ended 30 June 2017

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GLOBAL TECH (HOLDINGS) LIMITED

耀科國 際（控股 ）有限公司 *

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 143)

SECOND INTERIM RESULTS FOR THE NINE MONTHS ENDED 30 JUNE 2017

The board of directors (the "Board") of Global Tech (Holdings) Limited (the "Company") announces the unaudited condensed consolidated results of the Company together with its subsidiaries (the "Group") for the nine months ended 30 June 2017 (the "Period"), together with the comparative figures, as follows:

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the nine months ended 30 June 2017

For the nine months ended 30 June

2017 2016

(Unaudited) (Unaudited)

Revenue	Notes 4	HK$'000 63,257	HK$'000 76,635
Cost of sales	(45,075)	(56,005)
Gross profit	18,182	20,630
Other revenue	5	516	459
Selling and distribution expenses	(2)	(23)
Administrative expenses	(43,282)	(36,531)
Other operating expenses	(614)	(44)
Finance costs	(106)	(96)
Loss before taxation	6	(25,306)	(15,605)
Taxation	7	(14)	-
Loss for the period	(25,320)	(15,605)
* For identification purpose only

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (CONTINUED)

For the nine months ended 30 June 2017

For the nine months ended 30 June

Notes	2017 (Unaudited) HK$'000	2016 (Unaudited) HK$'000
Other comprehensive income Item that may be reclassified subsequently to profit or loss: Exchange differences on translating foreign operations	84	66
Other comprehensive income for the period, net of tax	84	66
Total comprehensive loss for the period	(25,236)	(15,539)
Loss for the period attributable to owners of the Company	(25,320)	(15,605)

Total comprehensive loss for the period attributable to

owners of the Company (25,236) (15,539)

Loss per share attributable to owners of the Company

Basic and diluted (HK cents) 8 (0.421) (0.278)

The accompanying notes form an integral part of these condensed consolidated financial statements.

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

At 30 June 2017

Notes	At 30 June 2017 (Unaudited) HK$'000	At 30 September 2016 (Audited) HK$'000
Non-current assets Property, plant and equipment	10	324,521	3,343
Available-for-sale financial assets	5,950	5,950
330,471	9,293
Current assets Inventories	1,604	1,432
Trade receivables	11	1,166	1,137
Prepayments, deposits and other receivables	8,220	8,415
Financial assets at fair value through profit or loss	202	204
Tax recoverable	126	-
Pledged time deposits	5,072	5,044
Cash and bank balances	95,503	52,923
111,893	69,155
Current liabilities Trade payables	12	368	2,622
Accrued charges and other payables	37,353	23,397
Bank borrowings	4,500	4,500
Loan from the immediate holding company	-	50,000
42,221	80,519
Net current assets/(liabilities)	69,672	(11,364)
Total assets less current liabilities	400,143	(2,071)
Non-current liability Deferred tax liabilities	527	-
Net assets/(liabilities)	399,616	(2,071)

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED)

At 30 June 2017

At At

30 June 30 September

2017 2016

(Unaudited) (Audited)

HK$'000 HK$'000

Equity

Capital and reserves attributable to owners of the Company

Share capital 77,489 51,659

Reserves 322,127 (53,730)

Total equity 399,616 (2,071)

The accompanying notes form an integral part of these condensed consolidated financial statements.