Computime : ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2017

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COMPUTIME GROUP LIMITED

金寶通集團有限公 司 *

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 320) ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2017

The board of directors (the "Board") of Computime Group Limited (the "Company" or "Computime") is pleased to announce the unaudited interim condensed consolidated results of the Company and its subsidiaries (collectively the "Group") for the six months ended 30 September 2017 ("1H FY2018" or the "Period") together with the comparative figures for the six months ended 30 September 2016.

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the six months ended 30 September

Notes	2017 (Unaudited) HK$'000	2016 (Unaudited) HK$'000
REVENUE	3, 4	1,911,786	1,707,600
Cost of sales	(1,631,758)	(1,473,874)
Gross profit	280,028	233,726
Other income	2,894	14,136
Selling and distribution expenses	(64,091)	(47,599)
Administrative expenses	(144,081)	(130,163)
Other operating income/(expenses), net	386	(10,368)
Finance costs	5	(8,274)	(4,835)
Share of profit of an associate	329	830
PROFIT BEFORE TAX	6	67,191	55,727
Income tax expense	7	(13,570)	(13,657)
PROFIT FOR THE PERIOD	53,621	42,070

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS (Continued) For the six months ended 30 September

Note	2017 (Unaudited) HK$'000	2016 (Unaudited) HK$'000
ATTRIBUTABLE TO: Owners of the Company	53,622	42,073
Non-controlling interests	(1)	(3)
53,621	42,070
EARNINGS PER SHARE ATTRIBUTABLE TO
OWNERS OF THE COMPANY	9
Basic	6.41 HK cents	5.04 HK cents
Diluted	6.34 HK cents	5.00 HK cents

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME For the six months ended 30 September 2017 2016 (Unaudited) (Unaudited)

HK$'000 HK$'000

PROFIT FOR THE PERIOD 53,621 42,070 OTHER COMPREHENSIVE INCOME/(EXPENSE)

Other comprehensive income/(expense) to be reclassified to profit or loss in subsequent periods:

Cash flow hedges:

Effective portion of changes in fair value of

hedging instruments arising during the period (10,778) 7,414 Reclassification adjustments for losses/(gains) included

in the condensed consolidated statement of profit or loss 18,333 (2,370)

7,555	5,044
Exchange differences on translation of foreign operations	14,129	(20,890)

OTHER COMPREHENSIVE INCOME/(EXPENSE) FOR THE PERIOD, NET OF TAX 21,684 (15,846) TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 75,305 26,224

Attributable to:

Owners of the Company	75,306	26,227
Non-controlling interests	(1)	(3)

75,305 26,224 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

Notes	30 September 2017 (Unaudited) HK$'000	31 March 2017 (Audited) HK$'000
NON-CURRENT ASSETS Property, plant and equipment	206,305	170,966
Goodwill	36,420	36,420
Club debenture	705	705
Intangible assets	113,796	106,801
Interest in an associate Available-for-sale investment Prepayments and deposits	6,343 - 3,272	6,277 - 3,338
Total non-current assets	366,841	324,507
CURRENT ASSETS Inventories	859,139	627,068
Trade receivables	10	551,467	602,636
Prepayments, deposits and other receivables	46,872	51,294
Tax recoverable	5,041	5,041
Derivative financial instruments	12,018	19,154
Cash and cash equivalents	754,402	771,920
Total current assets	2,228,939	2,077,113
CURRENT LIABILITIES Trade and bills payables	11	773,098	729,580
Other payables and accrued liabilities	98,687	115,004
Interest-bearing bank borrowings	333,559	264,877
Amounts due to non-controlling shareholders	160	160
Dividend payable	62,981	-
Derivative financial instruments	18,025	-
Tax payable	27,564	26,854
Total current liabilities	1,314,074	1,136,475
NET CURRENT ASSETS	914,865	940,638
TOTAL ASSETS LESS CURRENT LIABILITIES (to be continued)	1,281,706	1,265,145