Playmates : Announced 2019 Interim Results

[For immediate release]

PLAYMATES ANNOUNCED 2019 INTERIM RESULTS

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Highlights
	2019	2018
For the six months ended 30 June	HK$'000	HK$'000
Group revenue	291,594	263,714
‐ from toy business	157,156	136,694
‐ from property investments and associated businesses	128,753	123,324
‐ from investment business	5,685	3,696
Gross profit	203,954	181,780
Revaluation surplus on investment properties	90,700	160,465
Operating profit	182,300	216,896
Profit before income tax	180,322	214,584
Profit attributable to owners of the Company	176,007	219,377
Earnings per share	HK cents	HK cents
‐ Basic	8.53	10.95
‐ Diluted	8.53	10.95
Interim dividend per share	1.50	1.50
Special Interim dividend per share	10.00	10.00

• Playmates' property investments and associated businesses reported a slight growth in revenue; lower operating profit due to lower revaluation surplus
• Major renovation of exterior and common facilities of Hillview residential building to begin in 2019
• Application submitted for wholesale conversion of Playmates Factory Building for commercial uses
• Playmates Toys' increase in turnover was driven by the rollout of Rise of Teenage Mutant Ninja Turtles TV show and products around the world
• Playmates Toys expects macroeconomic uncertainties and competitive pressure to persist and intensify in second half 2019
• • Cont'd ‐

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PLAYMATES ANNOUNCED 2019 INTERIM RESULTS

August 12, 2019, page 2

(August 12, 2019 - Hong Kong) - Playmates Holdings Limited ("Playmates" or "the Group", HKEx Stock Code: 635) announced today its interim results for the six months ended 30 June 2019. Group worldwide revenue during the first half of 2019 was HK$292 million (same period in 2018: HK$264 million). The Group reported an operating profit of HK$182 million (same period in 2018: HK$217 million) and net profit attributable to shareholders during the first half of 2019 was HK$176 million (same period in 2018: HK$219 million). Basic earnings per share was HK cents 8.53 (same period in 2018: HK cents 10.95).

The Company declared an interim dividend payout of HK cents 1.5 per share (2018: HK cents

1.5) and a special interim dividend payout of HK cents 10 per share (2018: HK cents 10). Special interim dividend will be payable in cash with a scrip dividend alternative.

During the first half of 2019, revenue from the property investments and associated businesses increased to about HK$128.8 million (same period in 2018: HK$123.3 million). The Group's investment properties were revalued at the fair value of about HK$5.9 billion with a revaluation surplus of HK$90.7 million. Segment operating profit was HK$190.2 million (including revaluation surplus), compared to HK$255.1 million (including revaluation surplus of HK$160.5 million) for same period last year.

Group chairman Mr. Sidney To said, "A major renovation of the exterior and common facilities of the Hillview residential property will begin in 2019 which is expected to enhance the value of our investment over the longer term. We have submitted a planning application in June 2019 to the Town Planning Board of Hong Kong to seek permission for the wholesale conversion of Playmates Factory Building for commercial uses."

Playmates Toys worldwide turnover during the first half of 2019 was HK$157 million (same period in 2018: HK$137 million).

Mr. To commented: "Playmates Toys' increase in turnover was driven by the rollout of Rise of the Teenage Mutant Ninja Turtles products across many markets around the world starting in Fall 2018 and continuing throughout the first half of 2019."

Mr. To continued, "Despite the continuation of Rise of the Teenage Mutant Ninja Turtles and Ben 10 toy shipments throughout the year, we expect macroeconomic uncertainties and competitive pressure to persist and intensify in the second half of 2019."

‐ End ‐

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PLAYMATES ANNOUNCED 2019 INTERIM RESULTS

August 12, 2019, page 3

For enquiries, please contact: iPR Ogilvy Ltd.

Callis Lau / Molisa Lau / Tim Man

Tel:	(852) 2136 6952 / 2136 6953 / 3920 7676
Fax:	(852) 3170 6606
Email:	[e-mail] / [e-mail] / [e-mail]

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