2014-05-15 17:17:43
C&G ENVIRONMENTAL PROTECTION HOLDINGS LIMITED
Full Year Results and Dividend Announcement for the Period Ended 31 December 2013
The Board of Directors are pleased to announce the consolidated results of the Group for the three
months and year ended 31 December 2013. The figures presented below have not been audited.
PART I - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1, Q2 & Q3),
HALF-YEAR AND FULL YEAR RESULTS
1(a)(i) An income statement and statement of comprehensive income, or a statement of
comprehensive income, for the group, together with a comparative statement for the
corresponding period of the immediately preceding financial year.
% %
2013 2012 Increase / 2013 2012 Increase /
HK$'000 HK$'000 (Decrease) HK$'000 HK$'000 (Decrease)
Revenue 105,23 3 237,766 (55.74) 5 22,607 690,612 (24.33)
Cost of sales ( 61,600) (192,017) (67.92) (325,311) ( 523,620) (37.87)
Gross profit 43,633 45,749 (4.63) 1 97,296 166,992 18.15
Other income 13,787 9,883 39.50 4 2,751 13,238 222.94
Administrative expenses ( 28,929) (28,025) 3.23 (92,898) ( 89,627) 3.65
Other operating income/(expenses) - (3,339) 100.00 215 ( 16,073) (101.34)
Profit from operations 28,491 24,268 17.40 147,364 74,530 97.72
Finance costs ( 42,502) (32,020) 32.74 (133,919) ( 110,066) 21.67
(Loss)/profit before taxation ( 14,011) (7,752) (80.74) 1 3,445 ( 35,536) 137.83
Income tax expense ( 10,874) (5,971) 82.11 (15,623) ( 13,873) 12.61
Net (loss)/profit attributable to the
owners of the Company
( 24,885) (13,723) (81.34) (2,178) ( 49,409) 95.59
Other comprehensive income
Exchange difference on translating
foreign operation 7 ,716 3,905 97.59 5 3,301 8 ,042 562.78
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR ( 17,169) (9,818) (74.87) 5 1,123 ( 41,367) 223.58
