Allan International : Announcements and Notices - Interim Results 2016/2017

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited 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.

ALLAN INTERNATIONAL HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 684) INTERIM RESULTS 2016/2017 RESULTS

The board of directors of Allan International Holdings Limited (the "Company") announces the unaudited condensed consolidated results of the Company and its subsidiaries (the "Group") for the six months ended 30 September 2016 together with the comparative figures for the six months ended 30 September 2015, as follows:

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the six months ended 30 September 2016

Six months ended 30 September 2016 2015

(Unaudited)	(Unaudited)
NOTES	HK$'000	HK$'000

Revenue	3	696,649	847,216
Cost of sales	(595,731)	(756,321)
Gross profit	100,918	90,895
Other income	14,100	5,545
Other gains and losses	(508)	(749)
Selling and distribution expenses	(12,902)	(16,631)
Administrative expenses	(61,870)	(66,778)
Gain from changes in fair value of
investment properties	600	-
Finance costs on bank loans	(368)	(492)
Profit before tax	39,970	11,790
Income tax expense	4	(5,412)	(2,960)

Profit for the period 34,558 8,830

Six months ended 30 September 2016 2015

(Unaudited)	(Unaudited)
NOTES	HK$'000	HK$'000

Other comprehensive expense: Items that may be subsequently reclassified to profit or loss:

Exchange differences arising on translating

foreign operations (7,140) (3,659)

Net fair value gain (loss) on available-for-sale

investments 469 (779)

Reclassified to profit or loss upon disposal of

available-for-sale investments	5	-
Other comprehensive expense for the period	(6,666)	(4,438)
Total comprehensive income for the period	27,892	4,392
Earnings per share Basic	5	HK10.30 cents	HK2.63 cents

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

At 30 September 2016

30 September 2016 (Unaudited)	31 March 2016 (Audited)
NOTES	HK$'000	HK$'000
Non-current assets
Investment properties	7	242,600	242,000
Property, plant and equipment	8	197,066	229,057
Prepaid lease payments	23,825	24,833
Club debentures	13,681	13,866
Available-for-sale investments	21,075	16,031
Financial assets designated at fair value through
profit or loss ("FVTPL")	3,795	3,495
Deposits paid for acquisition of property,
plant and equipment	8,227	108
510,269	529,390
Current assets
Inventories	90,928	74,589
Trade receivables	9	317,412	300,729
Other receivables	26,813	29,918
Mould deposits paid	15,626	13,012
Prepaid lease payments	687	704
Available-for-sale investments	5,422	3,538
Tax recoverable	11,160	11,695
Short-term deposits	179,335	305,732
Bank balances and cash	504,964	424,879
1,152,347	1,164,796
Current liabilities
Trade payables	10	244,183	200,717
Other payables and accruals	142,770	133,242
Deferred income	19,252	19,252
Mould deposits received	40,768	26,919
Tax payable	35,130	33,261
Secured bank loans - due within one year	6,972	10,672
489,075	424,063

30 September 2016 (Unaudited)	31 March 2016 (Audited)
NOTES	HK$'000	HK$'000
Net current assets	663,272	740,733
Total assets less current liabilities	1,173,541	1,270,123
Non-current liabilities
Deferred tax liabilities	12,939	12,855
Deferred income	27,275	36,901
Secured bank loans - due after one year	43,971	46,533
84,185	96,289
Net assets	1,089,356	1,173,834
Capital and reserves
Share capital	11	33,543	33,543
Reserves	1,055,813	1,140,291
1,089,356	1,173,834