Lion Rock : ANNOUNCEMENT - ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017

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LION ROCK GROUP LIMITED

獅子山集團有限公司*

(Incorporated in Bermuda with limited liability)

(Stock code: 1127)

ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017

The Board of Directors (the "Board") of Lion Rock Group Limited (the "Company") presents the unaudited consolidated results of the Company and its subsidiaries (collectively referred to as the "Group") for the six months ended 30 June 2017 together with the comparative unaudited figures for the corresponding period in 2016 as follows:

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED 30 JUNE 2017 (Unaudited) Six months ended 30 June 2017 2016

Notes Revenue 3	HK$'000 712,762	HK$'000 798,208
Direct operating costs	(523,075)	(571,359)
Gross profit	189,687	226,849
Other income	23,068	17,224
Selling and distribution costs	(88,908)	(93,921)
Administrative expenses	(48,547)	(63,553)
Other expenses	(1,669)	(5,334)
Finance costs 4	(1,393)	(1,575)
Profit before income tax 5	72,238	79,690
Income tax expense 6	(15,930)	(19,493)
Profit for the period	56,308	60,197
Other comprehensive income
Items that may be reclassified subsequently to profit or loss:
Exchange gain on translation of
financial statements of foreign operations	24,677	12,040
Other comprehensive income for the period, net of tax	24,677	12,040
Total comprehensive income for the period	80,985	72,237
* For identification purpose only

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED 30 JUNE 2017 (CONTINUED) (Unaudited) Six months ended 30 June 2017 2016

Notes HK$'000 HK$'000

Profit for the period attributable to:

Owners of the Company 49,425 52,027

Non-controlling interests 6,883 8,170

56,308 60,197 Total comprehensive income attributable to:

Owners of the Company 71,207 62,061

Non-controlling interests 9,778 10,176

80,985 72,237 Earnings per share for profit attributable to owners of the Company during the period 7

• Basic HK6.42 cents HK6.76 cents

• Diluted N/A N/A

AS AT 30 JUNE 2017	(Unaudited)	(Audited)
At 30 June	At 31 December
2017	2016
Notes	HK$'000	HK$'000
ASSETS AND LIABILITIES
Non-current assets Property, plant and equipment	8	116,835	133,919
Intangible assets	191,045	150,462
Other non-current assets	6,704	5,633
Deferred tax assets	36,248	35,676
Current assets	350,832	325,690
Inventories	131,319	82,850
Trade and other receivables and deposits	9	436,945	430,190
Financial assets at fair value through profit or loss	20	-	5,472
Cash and bank balances	444,270	461,155
1,012,534	979,667
Current liabilities Trade and other payables	10	252,698	223,663
Financial liabilities at fair value through profit or loss	20	3,515	-
Bank borrowings	11	82,965	94,766
Finance lease liabilities	12	392	162
Provisions	21,953	21,816
Provision for taxation	12,478	6,133
374,001	346,540
Net current assets	638,533	633,127
Total assets less current liabilities	989,365	958,817
Non-current liabilities Provisions	11,422	7,479
Put option liability	17	14,004	-
Finance lease liabilities	12	1,412	507
Deferred tax liabilities	5,749	5,092
32,587	13,078
Net assets	956,778	945,739

AS AT 30 JUNE 2017 (CONTINUED) (Unaudited) (Audited) At 30 June 2017

At 31 December

2016

Notes HK$'000 HK$'000

EQUITY

Share capital	13	7,700	7,700
Reserves	888,481	882,201
Equity attributable to owners of the Company	896,181	889,901
Non-controlling interests	60,597	55,838
Total equity	956,778	945,739