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ALLTRONICS HOLDINGS LIMITED
華訊股份有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 833)
ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS
FOR THE SIX MONTHS ENDED 30 JUNE 2019
The board (the "Board") of directors ("Directors") of Alltronics Holdings Limited (the "Company") is pleased to present the unaudited interim results of the Company and its subsidiaries (the "Group") for the six months ended 30 June 2019 (the "Period") together with comparative figures for the corresponding period in 2018 as follows:
INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the six months ended 30 June 2019
For the six months ended | |||||
30 June | |||||
Notes | 2019 | 2018 | |||
(Unaudited) | (Unaudited) | ||||
HK$'000 | (Restated) | ||||
HK$'000 | |||||
CONTINUING OPERATIONS | 635,728 | ||||
Revenue | 4 | 606,123 | |||
Cost of sales | (535,424) | (522,167) | |||
Gross profit | 100,304 | 83,956 | |||
Distribution costs | (6,958) | (9,661) | |||
Administrative expenses | (46,948) | (52,864) | |||
Other operating expenses, net | (3,309) | (2,265) | |||
Operating profit | 43,089 | 19,166 | |||
Impairment losses on financial assets | (113,550) | - | |||
Gain on deemed disposal of partial interests in | - | ||||
an associate | 17,639 | ||||
Share of profits and losses of associates | (3,773) | (4,887) | |||
Finance income | 2,187 | 2,612 | |||
Finance costs | 6 | (9,207) | (6,710) | ||
- 1 -
For the six months ended | |||||
30 June | |||||
Notes | 2019 | 2018 | |||
(Unaudited) | (Unaudited) | ||||
HK$'000 | (Restated) | ||||
HK$'000 | |||||
(Loss)/Profit before tax from continuing operations | 5 | (81,254) | 27,820 | ||
Income tax expense | 7 | (9,637) | (9,265) | ||
(Loss)/Profit for the period from continuing operations | (90,891) | 18,555 | |||
DISCONTINUED OPERATION | 73,436 | ||||
Profit for the period from a discontinued operation | 8 | 18,747 | |||
(LOSS)/PROFIT FOR THE PERIOD | (17,455) | 37,302 | |||
Attributable to: | |||||
(16,805) | |||||
Owners of the parent | 35,350 | ||||
Non-controlling interests | (650) | 1,952 | |||
(17,455) | 37,302 | ||||
(LOSS)/EARNINGS PER SHARE | |||||
ATTRIBUTABLE TO ORDINARY EQUITY | |||||
HOLDERS OF THE PARENT | 9 | HK cents | HK cents | ||
(Restated) | |||||
Basic | (1.78) | ||||
- For (loss)/profit for the period | 3.74 | ||||
- For (loss)/profit from continuing operations | (9.54) | 1.76 | |||
Diluted | |||||
(1.78) | |||||
- For (loss)/profit for the period | 3.74 | ||||
- For (loss)/profit from continuing operations | (9.54) | 1.76 | |||
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INTERIM CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the six months ended 30 June 2019
For the six months ended | ||||
30 June | ||||
2019 | 2018 | |||
(Unaudited) | (Unaudited) | |||
(Restated) | ||||
HK$'000 | HK$'000 | |||
(LOSS)/PROFIT FOR THE PERIOD | (17,455) | 37,302 | ||
Other comprehensive income/(loss) | ||||
Other comprehensive income/(loss) that may be reclassified | ||||
to profit or loss in subsequent periods: | ||||
Exchange differences on translation of foreign operations | 4,539 | (184) | ||
Other comprehensive income/(loss) for the period, | ||||
net of tax | 4,539 | (184) | ||
TOTAL COMPREHENSIVE (LOSS)/INCOME | ||||
FOR THE PERIOD | (12,916) | 37,118 | ||
Attributable to: | ||||
Owners of the parent | (12,922) | 34,674 | ||
Non-controlling interests | 6 | 2,444 | ||
(12,916) | 37,118 | |||
- 3 -
INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at 30 June 2019
30 June | 31 December | |||
Notes | 2019 | 2018 | ||
(Unaudited) | (Audited) | |||
HK$'000 | HK$'000 | |||
NON-CURRENT ASSETS | ||||
Property, plant and equipment | 232,665 | 238,660 | ||
Right-of-use assets | 35,157 | - | ||
Prepaid land lease payments | - | 1,570 | ||
Goodwill | 11,672 | 11,672 | ||
Investments in associates | 43,407 | 47,216 | ||
Prepayments, other receivables and other assets | 11,849 | 13,110 | ||
Long term receivables | 11 | 4,796 | 8,367 | |
Equity investments designated at fair value through | ||||
other comprehensive income | 2,273 | 2,273 | ||
Deferred tax assets | 3,009 | 2,006 | ||
Total non-current assets | 344,828 | 324,874 | ||
CURRENT ASSETS | ||||
Inventories | 288,581 | 306,213 | ||
Trade receivables | 12 | 193,842 | 246,469 | |
Long term receivables - current portion | 11 | 25,279 | 23,322 | |
Prepayments, other receivables and other assets | 302,421 | 302,939 | ||
Pledged deposits | 6,264 | 6,569 | ||
Cash and cash equivalents | 67,992 | 64,820 | ||
884,379 | 950,332 | |||
Assets of a disposal group classified as held for sale | - | 2,647,636 | ||
Total current assets | 884,379 | 3,597,968 | ||
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30 June | 31 December | |||
Notes | 2019 | 2018 | ||
(Unaudited) | (Audited) | |||
HK$'000 | HK$'000 | |||
CURRENT LIABILITIES | ||||
Trade and bills payables | 13 | 220,951 | 246,440 | |
Lease liabilities | 15,668 | - | ||
Other payables and accruals | 74,222 | 63,614 | ||
Deferred revenue | 1,814 | 2,004 | ||
Tax payable | 17,351 | 8,767 | ||
Interest-bearing bank and other borrowings | 300,749 | 398,044 | ||
630,755 | 718,869 | |||
Liabilities directly associated with the assets | ||||
classified as held for sale | - | 2,621,453 | ||
Total current liabilities | 630,755 | 3,340,322 | ||
NET CURRENT ASSETS | 253,624 | 257,646 | ||
TOTAL ASSETS LESS CURRENT LIABILITIES | 598,452 | 582,520 | ||
NON-CURRENT LIABILITIES | ||||
Lease liabilities | 18,305 | - | ||
Deferred revenue | 1,102 | 1,951 | ||
Deferred tax liabilities | 743 | 789 | ||
Total non-current liabilities | 20,150 | 2,740 | ||
Net assets | 578,302 | 579,780 | ||
EQUITY | ||||
Equity attributable to owners of the parent | ||||
Share capital | 9,461 | 9,461 | ||
Reserves | 562,707 | 564,191 | ||
572,168 | 573,652 | |||
Non-controlling interests | 6,134 | 6,128 | ||
Total equity | 578,302 | 579,780 |
- 5 -
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Alltronics Holdings Limited published this content on 30 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2019 12:45:09 UTC