Profit attributable to equity shareholders of the Company for the year ended 31 December
2018 amounted to HK$951.0 million, an increase of HK$69.7 million or 7.9% when compared with the corresponding period of 2017.
* As at 31 December
2018, total Shareholders' equity amounted to RMB102,669 million, representing an increase of RMB5,349 million or 5.50% from RMB97,320 million as at 31 December
Adjusted EBITDA is expected to be in the middle of the range of USD8m and USD10m for the year ended 31 December
The firm posted GAAP operating loss at USD32.9m for the year ended 31 December
2018 compared to GAAP operating loss of USD39.5m in 2017.
The results included a net loss of US$1.28 million for the three-month period ended 31 December
2018, as compared to a net loss of US$56.2 million for 2017.
"The 2018 results show that net income before provision for impairment and overseas taxation for the year ended 31 December
2018 increased to $43.42 million, a 96.8 per cent increase from the $22.10 million reported for the same period last year," said Prince Amr.
Net Impairment and other losses for the year ended 31 December
This translates into earnings per share of Rs1.4906 (31 December
- For the year ended 31 December
2015, gross profit amounted to approximately RMB296,353 thousand, representing an increase of approximately 16.4% as compared with the corresponding period in 2014.
However, the ratio of non-performing loans and advances to gross loans and advances improved to 3.5 per cent as at 31 December
2015 (31 December
2014: 3.8 per cent) with loan loss coverage of 107.7 per cent (31 December
2014: 97.2 per cent).
The meeting reviewed and approval of the Directors' Report concerning the Group's activities and financial statements for the year ended 31 December
2014 as well as review and approval of the Auditors' Report for the same period.
Customer deposits came to SR 94.7 billion at 31 December
2010 - an increase of SR 5.5 billion, or 6.2%, compared with SR 89.2 billion at 31 December