直 通 電 訊 控 股 有 限 公 司
(incorporated in the Cayman Islands with limited liability)
(Stock Code: 8337) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2017 CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ("GEM") OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors. Given the emerging nature of companies listed on GEM, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board and no assurance is given that there will be a liquid market in the securities traded on GEM.Hong Kong Exchanges and Clearing Limited and the Stock Exchange 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.
This announcement, for which the directors (the "Director(s)") of Directel Holdings Limited (the "Company") collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of the Stock Exchange (the "GEM Listing Rules") for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief: (1) the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive; and (2) there are no other matters the omission of which would make any statement herein or this announcement misleading.
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The board of Directors (the "Board") of the Company hereby announces the unaudited consolidated financial statements of the Company and its subsidiaries (together referred to as the "Group") for the three months and the six months ended 30 June 2017 together with the unaudited comparative figures for the respective corresponding period in 2016 as follows:
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMEFor the three months ended 30 June | For the six months ended 30 June | |||||||
2017 | 2016 | 2017 | 2016 | |||||
HK$'000 | HK$'000 | HK$'000 | HK$'000 | |||||
Note | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | ||||
Revenue | 5 | 1,622 | 2,242 | 3,066 | 3,726 | |||
Cost of sales | (2,089) | (3,380) | (4,935) | (6,663) | ||||
Gross loss | (467) | (1,138) | (1,869) | (2,937) | ||||
Other income | 6(a) | 128 | 387 | 251 | 958 | |||
Other net profit/(loss) | 6(b) | 140 | (2,710) | 589 | (2,103) | |||
Administrative and other operating expenses | (2,847) | (3,121) | (5,710) | (6,153) | ||||
Provision for impairment loss on trade receivables | - | (2,486) | - | (4,900) | ||||
Loss before taxation | 7 | (3,046) | (9,068) | (6,739) | (15,135) | |||
Income tax | 8 | - | - | - | - | |||
Loss for the period attributable to equity shareholders of the Company | (3,046) | (9,068) | (6,739) | (15,135) | ||||
Other comprehensive income for the period, net of income tax: | ||||||||
Item that may be reclassified subsequently to profit or loss: | ||||||||
Available-for-sale financial asset: net change in fair value | 185 | - | 49 | - | ||||
Total comprehensive loss for the period attributable to equity shareholders of the Company | (2,861) | (9,068) | (6,690) | (15,135) | ||||
Loss per share | 10 | |||||||
- Basic and diluted (HK cents) | (0.10) | (0.29) | (0.22) | (0.49) |
As at | As at | |||
30 June | 31 December | |||
2017 | 2016 | |||
HK$'000 | HK$'000 | |||
Note | (Unaudited) | (Audited) | ||
Non-current assets | ||||
Property, plant and equipment | 11 | 6,542 | 7,225 | |
Deposits | 2,429 | 224 | ||
Available-for-sale financial asset | 12 | 2,065 | - | |
Total non-current assets | 11,036 | 7,449 | ||
Current assets | ||||
Inventories | 13 | 216 | 207 | |
Trade receivables | 14 | 603 | 36,939 | |
Other receivables, deposits and prepayments | 14 | 4,850 | 3,277 | |
Taxation recoverable | 120 | 120 | ||
Cash and cash equivalents | 15 | 89,612 | 66,148 | |
Total current assets | 95,401 | 106,691 | ||
Current liabilities | ||||
Payables and accruals | 16 | 5,627 | 6,640 | |
Total current liabilities | 5,627 | 6,640 | ||
Net current assets | 89,774 | 100,051 | ||
Total assets less current liabilities | 100,810 | 107,500 | ||
Non-current liabilities | ||||
Deferred tax liabilities | 880 | 880 | ||
Net assets | 99,930 | 106,620 | ||
Capital and reserves | ||||
Share capital | 17 | 31,125 | 31,125 | |
Share premium | 46,749 | 46,749 | ||
Warrant reserve | 1,654 | 1,654 | ||
Fair value reserve | 49 | - | ||
Retained earnings | 20,353 | 27,092 | ||
Total equity | 99,930 | 106,620 |
Share | Share | Warrant | Fair value | Retained | Total | |
capital | premium | reserve | reserve | earnings | Equity | |
HK$'000 | HK$'000 | HK$'000 | HK$'000 | HK$'000 | HK$'000 | |
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | |
(Note 17) | (Note 17) | |||||
As at 1 January 2016 | 31,125 | 46,749 | 1,654 | - | 23,849 | 103,377 |
Loss and total comprehensive loss for the period | - | - | - | - | (15,135) | (15,135) |
As at 30 June 2016 | 31,125 | 46,749 | 1,654 | - | 8,714 | 88,242 |
As at 1 January 2017 | 31,125 | 46,749 | 1,654 | - | 27,092 | 106,620 |
Loss for the period | - | - | - | - | (6,739) | (6,739) |
Other comprehensive income for the period | - | - | - | 49 | - | 49 |
Total comprehensive loss for the period | - | - | - | 49 | (6,739) | (6,690) |
As at 30 June 2017 | 31,125 | 46,749 | 1,654 | 49 | 20,353 | 99,930 |
Directel Holdings Limited published this content on 08 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 August 2017 09:31:08 UTC.
Original documenthttp://www.directel.hk/Upload/download/20170808172631e.pdf
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