GUOCO GROUP LIMITED 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.
OVERSEAS REGULATORY ANNOUNCEMENT
(This overseas regulatory announcement is issued pursuant to Rule 13.10(B) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.)
Please refer to the attached announcement on the next page.
As at the date of this announcement, the board of directors of Guoco Group Limited comprises Mr. Kwek Leng Hai as Executive Chairman; Mr. Tang Hong Cheong as President & CEO; Mr. Kwek Leng San as Non-executive Director and Mr. Volker Stoeckel, Mr. Roderic N. A. Sage and Mr. David Michael Norman as Independent Non-executive Directors.
Financial Statements and Related Announcement::Full Yearly Results | Page 1 of 2 |
FINANCIAL STATEMENTS AND RELATED ANNOUNCEMENT::FULL YEARLY RESULTS
Issuer & Securities
Issuer/ Manager
GUOCOLAND LIMITED
Securities
GUOCOLAND LIMITED - SG1R95002270 - F17
Stapled Security
No
Announcement Details
Announcement Title
Financial Statements and Related Announcement
Date &Time of Broadcast
23-Aug-2019 20:37:58
Status
New
Announcement Sub Title
Full Yearly Results
Announcement Reference
SG190823OTHR7JTM
Submitted By (Co./ Ind. Name)
Mary Goh Swon Ping
Designation
Group Company Secretary
Effective Date and Time of the event
23/08/2019 20:30:00
Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)
Please refer to the attachments.
Additional Details
For Financial Period Ended
30/06/2019
Attachments
SGX-Jun2019.pdf
https://links.sgx.com/1.0.0/corporate-announcements/74T5M8FIGY5GQ1WB/de2500e354b90cf77... 23/08/2019
Financial Statements and Related Announcement::Full Yearly Results | Page 2 of 2 |
SGX-Media%20Release.pdf
Total size =3031K MB
https://links.sgx.com/1.0.0/corporate-announcements/74T5M8FIGY5GQ1WB/de2500e354b90cf77... 23/08/2019
FULL YEAR FINANCIAL STATEMENT ANNOUNCEMENT FOR THE YEAR ENDED 30 JUNE 2019
1(a) An income statement (for the Group) together with a comparative statement for the corresponding period of the immediately preceding financial year.
Group | Group | |||||||
Fourth Quarter Ended | Increase/ | Full Year Ended | Increase/ | |||||
30/06/2019 | 30/06/2018 | (Decrease) | 30/06/2019 | 30/06/2018 | (Decrease) | |||
(Restated)# | (Restated)# | |||||||
S$'000 | S$'000 | % | S$'000 | S$'000 | % | |||
Revenue | 323,486 | 178,528 | 81 | 926,957 | 1,141,669 | (19) | ||
Cost of sales | (219,822) | (103,887) | 112 | (631,102) | (790,054) | (20) | ||
Gross profit | ||||||||
103,664 | 74,641 | 39 | 295,855 | 351,615 | (16) | |||
Other income | 212,286 | 147,234 | 44 | 238,798 | 164,004 | 46 | ||
Administrative expenses | (30,446) | (28,835) | 6 | (93,290) | (90,620) | 3 | ||
Other expenses | (24,261) | (253) | N/M | (37,441) | (25,507) | 47 | ||
Finance costs | (26,730) | (17,955) | 49 | (107,691) | (122,400) | (12) | ||
Share of (loss)/profit of | ||||||||
associates and joint | ||||||||
ventures (net of tax) | (6,055) | 16,227 | N/M | 12,789 | 206,952 | (94) | ||
Profit before tax | ||||||||
228,458 | 191,059 | 20 | 309,020 | 484,044 | (36) | |||
Tax expense | (11,872) | (20,083) | (41) | (21,404) | (61,539) | (65) | ||
Profit for the | ||||||||
period/year | 216,586 | 170,976 | 27 | 287,616 | 422,505 | (32) | ||
Profit attributable to: | ||||||||
Equity holders of the | ||||||||
Company | 183,654 | 147,521 | 24 | 255,674 | 413,207 | (38) | ||
Non-controlling interests | 32,932 | 23,455 | 40 | 31,942 | 9,298 | N/M | ||
216,586 | 170,976 | 27 | 287,616 | 422,505 | (32) |
N/M : Not meaningful.
- The comparative figures have been restated to take into account the retrospective adjustments relating to SFRS(I) 1 and 15 as detailed in Item 5.
Page 1
1(a)(i) Breakdown and explanatory notes to the income statement:- | ||||||
Group | Group | |||||
Fourth Quarter Ended | Increase/ | Full Year Ended | Increase/ | |||
30/06/2019 30/06/2018 (Decrease) 30/06/2019 30/06/2018 (Decrease) | ||||||
(Restated) | (Restated) | |||||
S$'000 | S$'000 | % | S$'000 | S$'000 | % | |
Interest income | 8,405 | 3,199 | 163 | 19,877 | 10,902 | 82 |
Depreciation of | ||||||
property, plant and | ||||||
equipment | (4,630) | (6,133) | (25) | (16,807) | (16,061) | 5 |
Net fair value loss on | ||||||
derivative financial | ||||||
instruments | (24,905) | (1,747) | N/M | (25,988) | (1,207) | N/M |
Net foreign exchange | ||||||
gain/(loss) | 3,388 | 5,649 | (40) | 12,759 | (2,634) | N/M |
Net fair value gain from | ||||||
investment properties | 197,413 | 142,465 | 39 | 197,413 | 142,465 | 39 |
Loss on disposal of | ||||||
interests in a | ||||||
subsidiary | - | - | - | - | (11,931) | (100) |
Gain on disposal of | ||||||
available-for-sale | ||||||
securities | - | - | - | - | 1,340 | (100) |
Impairment loss on | ||||||
property, plant and | ||||||
equipment | - | (2,289) | (100) | - | (2,289) | (100) |
N/M : Not meaningful.
Page 2
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Guoco Group Limited published this content on 23 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2019 13:57:06 UTC
