Sun International : Interim Report 2021

太 陽 國 際 集 團 有 限 公 司

SUN INTERNATIONAL GROUP LIMITED

(Incorporated in the Cayman Islands with limited liability) | Stock Code: 8029

Interim Report

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CHARACTERISTICS OF 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 high investment risk may be attached other than 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 of the Stock Exchange 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 of Hong Kong Limited take no responsibility for the contents of this report, 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 report.

This report, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Group. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief: (1) the information contained in this report is accurate and complete in all material respects and not misleading; (2) there are no other matters the omission of which would make any statement in this report misleading; and (3) all opinions expressed in this report have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable.

This report will remain on the "Latest Company Announcements" page of the GEM website at www.hkgem.com for at least 7 days from the date of posting and on the designated website of this Company at http://www.sun8029.com/.

Interim Report 2021 1

FINANCIAL SUMMARY (UNAUDITED)



• Revenue of the Group was approximately HK$29,200,000 for the six months ended
  30 September 2021, representing an decrease of approximately 30% from the corresponding period in the previous fiscal year.
• For the six months ended 30 September 2021, gross profit of the Group was approximately HK$22,291,000 as compared to the gross profit of approximately HK$39,570,000 from the corresponding period in the previous fiscal year.
• Loss attributable to owners of the Company for the six months ended 30 September 2021 amounted to approximately HK$17,614,000 as compared to profit of approximately HK$7,780,000 from the corresponding period in the previous fiscal year.
• The directors of the Company (the "Directors") do not recommend the payment of an interim dividend for the six months ended 30 September 2021 (2020: Nil).

2 Sun International Group Limited

CONSOLIDATED INTERIM RESULTS FOR 2021 (UNAUDITED)



The board of Directors (the "Board") of the Company hereby announces the unaudited consolidated results of the Group for the three months and six months ended 30 September 2021, together with the comparative unaudited figures for the corresponding period in 2020 were as follows:

C O N D E N S E D C O N S O L I D A T E D S T A T E M E N T O F COMPREHENSIVE INCOME

For the three months and six months ended 30 September 2021

		For the three months	For the six months
		ended 30 September	ended 30 September
		2021	2020	2021	2020
	Notes	HK$'000	HK$'000	HK$'000	HK$'000
Revenue	3	17,950	24,253	29,200	41,811
Direct costs		(6,491)	(1,184)	(6,909)	(2,241)
Gross profit		11,459	23,069	22,291	39,570
Other operating income		5,784	924	5,015	2,425
Impairment losses, net of
reversal		(2,027)	16,116	(1,358)	16,228
Administrative expenses		(20,154)	(22,480)	(34,643)	(39,315)
Finance costs		(4,533)	(5,484)	(8,919)	(11,128)
Profit/(Loss) before taxation	4	(9,471)	12,145	(17,614)	7,780
Income tax expense	5	-	-	-	-
Profit/(Loss) for the period		(9,471)	12,145	(17,614)	7,780
Other comprehensive income:
Exchange differences arising
on translation of financial
statements of foreign
operations		4,625	38	15,708	7,354
Total comprehensive income/
(loss) for the period		(4,846)	12,183	(1,906)	15,134

Interim Report 2021 3

CONSOLIDATED INTERIM RESULTS FOR 2021 (UNAUDITED)



		For the three months	For the six months
		ended 30 September	ended 30 September
		2021	2020	2021	2020
	Notes	HK$'000	HK$'000	HK$'000	HK$'000
Profit/(Loss) attributable to:		(9,471)		(17,614)
Owners of the Company		12,145	7,780
		(9,471)	12,145	(17,614)	7,780
Total comprehensive income/
(loss) attributable to:		(4,846)		(1,906)
Owners of the Company		12,183	15,134
		(4,846)	12,183	(1,906)	15,134
Dividend	6	-	-	-	-
Earnings/Loss per share (HK
cents)	7	(0.41)		(0.78)
Basic and diluted		0.56	0.36

• Sun International Group Limited