INTERIM REPORT
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 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 (the "Directors") of SDM Group Holdings Limited (the "Company") collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market (the "GEM Listing Rules") of the Stock Exchange 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 the information contained in this report is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this report misleading.
FINANCIAL HIGHLIGHTS
For the six months ended 30 June 2017, unaudited operating results of the Group were as follows:
loss for the period attributable to owners of the Company for the six months ended 30 June 2017 amounted to approximately HK$3,029,000 (2016: loss for the period attributable to owners of the Company for the six months ended 30 June 2016 amounted to approximately HK$2,617,000); and
basic loss per share for the six months ended 30 June 2017 was approximately
1.16 HK cents (2016 (Restated): basic loss per share for the six months ended 30 June 2016 was approximately 1.07 HK cents).
SDM GROUP HOLDINGS LIMITED • INTERIM REPORT 2017 01
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
The board of Directors (the "Board") of the Company (together with its subsidiaries, the "Group") is pleased to present the unaudited condensed consolidated results of the Group for the six months ended 30 June 2017, together with the unaudited comparative figures for the corresponding period in 2016, as follows:
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMEFor the three months ended 30 June | For the six months ended 30 June | ||||
Notes | 2017 | 2016 | 2017 | 2016 | |
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | ||
HK$'000 | HK$'000 | HK$'000 | HK$'000 | ||
Revenue | 4 | 15,046 | 15,863 | 30,519 | 29,929 |
Other income | 2,318 | 1,437 | 3,966 | 3,082 | |
Changes in inventories of finished goods | (211) | (618) | (204) | (692) | |
Finished goods purchased | (98) | 82 | (374) | (33) | |
Advertising and promotion expenses | (884) | (701) | (1,545) | (1,296) | |
Depreciation and amortisation | (573) | (597) | (1,131) | (1,210) | |
Rental expenses | (5,551) | (5,256) | (11,157) | (10,600) | |
Staff costs | (6,484) | (5,962) | (11,975) | (11,535) | |
Other operating expenses | (5,958) | (5,971) | (11,266) | (10,379) | |
Finance costs | - | - | - | - | |
Loss before taxation | (2,395) | (1,723) | (3,167) | (2,734) | |
Income tax expense | 5 | (2) | - | (2) | - |
Loss and total comprehensive expense for the period | (2,397) | (1,723) | (3,169) | (2,734) |
SDM Group Holdings Ltd. published this content on 10 August 2017 and is solely responsible for the information contained herein.
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