Nimble Holdings Company Limited announced audited consolidated earnings results for the year ended March 31, 2018. For the year, the company reported profit before taxation was HKD 176 million compared to HKD 2,632 million a year ago. Profit for the year was HKD 144 million compared to HKD 2,696 million a year ago. Basic and diluted earnings per share were HKD 0.03 compared to HKD 0.72 a year ago. The significant decrease in revenue was mainly due to the decrease in the revenue generated from the distribution of household appliances and the licensing income of Emerson. The Group recorded a revenue of HKD 171 million for the year ended March 31, 2018 as compared to HKD 288 million for the 15 months ended March 31, 2017, a decrease of 40.6%. The Group recorded an audited net profit attributable to shareholders of HKD 175 million for the year, as compared to HKD 2,813 million for the corresponding period. The significant drop in the net profit was mainly due to there was a significant gain of HKD 2,636 million arising from the settlement of the company’s scheme creditors through the schemes of arrangement recorded in the corresponding period, which was an one-off event of the restructuring exercise of the group that took place in May 2016 and no similar item occurred during the year, a net decrease in impairment loss of HKD 110 million, mainly in relation to the trademark of Emerson; and a net increase of HKD 75 million in the write back of accrued liabilities with deconsolidated subsidiaries in the year as compared with the gain on deconsolidation of subsidiaries in the corresponding period.