Doyen International : Announcements and Notices - Interim Results Announcement for the Six Months Ended 30 June 2019

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DOYEN INTERNATIONAL HOLDINGS LIMITED

東 銀 國 際 控 股 有 限 公 司

(incorporated in Hong Kong with limited liability)

(Stock Code: 668)

INTERIM RESULTS ANNOUNCEMENT

FOR THE SIX MONTHS ENDED 30 JUNE 2019

The board (the "Board") of directors (the "Directors") of Doyen International Holdings Limited (the "Company") hereby announces the unaudited consolidated results of the Company and its subsidiaries (collectively the "Group") for the six months ended 30 June 2019 as follows:

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS

For the six months ended 30 June 2019

		Six months ended 30 June
		2019		2018
	Note	HK$'000	HK$'000
		(unaudited)	(unaudited)
Revenue	4	16,517		16,753
Staff costs		(5,602)	(6,865)
Operating lease rentals		(1,902)	(1,442)
Other tax expenses		(1,082)	(1,046)
Depreciation		(13)	(240)
Other operating expenses		(4,210)	(4,817)
Other gains and losses	5	2,223		(7,648)
Other income		262		-
Profit/(Loss) from operations		6,193		(5,305)
Finance income	6	38,211		39,524
Finance costs	6	(10,405)	(11,237)
Finance income - net		27,806		28,287

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CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS (continued)

For the six months ended 30 June 2019

		Six months ended 30 June
		2019		2018
	Note	HK$'000	HK$'000
		(unaudited)	(unaudited)
Profit before tax		33,999		22,982
Income tax expense	7	(3,917)	(2,984)
Profit for the period		30,082		19,998
Attributable to:
Owners of the Company		23,739		13,151
Non-controlling interests		6,343		6,847
		30,082		19,998
Earnings per share	9
		HK cents	HK cents
Basic		1.86		1.03
Diluted		N/A	N/A

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CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the six months ended 30 June 2019

	Six months ended 30 June
	2019		2018
Note	HK$'000	HK$'000
	(unaudited)	(unaudited)
Profit for the period	30,082		19,998
Other comprehensive income, net of tax:
Item that will be reclassified to profit or loss:
Exchange differences on translating foreign operations	(1,794)	(16,330)
Total comprehensive income for the period	28,288		3,668
Attributable to:
Owners of the Company	21,524		7,018
Non-controlling interests	6,764		(3,350)
	28,288		3,668

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CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

At 30 June 2019

		30 June		31 December
		2019	2018
	Note	HK$'000		HK$'000
		(unaudited)		(audited)
Non-current assets
Property, plant and equipment		133	146
Right-of-use assets		4,129		-
Investment property		318,876	318,868
Intangible assets		7,096	7,096
Loan receivables	10	50,502	63,761
Deferred tax assets		7,653	8,146
		388,389	398,017
Current assets
Loan receivables	10	111,151	97,535
Prepayments, deposits and other receivables		3,842	3,572
Financial assets at fair value through profit or loss		10,633	8,404
Amounts due from a related company		603,658	565,674
Pledged bank deposits		1,138	1,138
Bank and cash balances		106,523	133,222
		836,945	809,545
Current liabilities
Accruals and other payables		15,092	17,437
Lease liabilities		1,545		-
Borrowings		237,409	234,396
Current tax liabilities		5,481	14,859
		259,527	266,692
Net current assets		577,418	542,853
Total assets less current liabilities		965,807	940,870

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CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (continued)

At 30 June 2019

	30 June	31 December
	2019		2018
Note	HK$'000	HK$'000
	(unaudited)	(audited)
Non-current liabilities
Borrowings	39,830		45,520
Lease liabilities	2,584		-
Deferred tax liabilities	6,784		7,029
	49,198		52,549
NET ASSETS	916,609		888,321
Capital and reserves
Share capital	1,174,378		1,174,378
Deficit	(458,740)	(480,264)
Equity attributable to owners of the Company	715,638		694,114
Non-controlling interests	200,971		194,207
Total equity	916,609		888,321

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