TAN CHONG INTERNATIONAL LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited 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.
TAN CHONG INTERNATIONAL LIMITED
陳唱國際有限公司
(incorporated in Bermuda with limited liability)
(Stock Code: 693)
ANNOUNCEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE THREE-MONTH PERIOD ENDED
30 SEPTEMBER 2019 OF SUBSIDIARY - ZERO CO., LTD.
THIS IS NOT THE ANNOUNCEMENT OF THE FINANCIAL RESULTS OF TAN CHONG INTERNATIONAL LIMITED (THE "COMPANY"). THIS ANNOUNCEMENT IS MADE BY THE COMPANY PURSUANT TO PART XIVA OF THE SFO AND RULE 13.09(2)(a) OF THE LISTING RULES TO PROVIDE SHAREHOLDERS OF THE COMPANY WITH FINANCIAL INFORMATION ON A LISTED SUBSIDIARY OF THE COMPANY, ZERO, WHICH ON 8 NOVEMBER 2019 HAS FILED ITS UNAUDITED FINANCIAL RESULTS FOR THE THREE-MONTH PERIOD ENDED 30 SEPTEMBER 2019.
This announcement is made pursuant to Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) (the "SFO") and Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").
Zero Co., Ltd. ("Zero"), a non-wholly owned subsidiary of the Company, whose shares are listed on the Second Section of Tokyo Stock Exchange, Inc. ("TSE") has on 8 November 2019 filed a quarterly earning report with TSE which contains the unaudited financial results of Zero and its subsidiaries ("Zero Group") for the three-month period ended 30 September 2019, in accordance with the timely disclosure obligations applicable to a TSE Second Section listed company.
The unaudited financial results of Zero Group so filed and contained in the aforementioned quarterly earning report have been prepared in accordance with International Financial Reporting Standards.
Zero has filed its aforementioned quarterly earning report with TSE in Japanese only and such report is accessible at TSE's website (http://www.tse.or.jp). The Company has posted the English translation of the same quarterly earning report as an overseas regulatory announcement on the websites of The Stock Exchange of Hong Kong Limited (http://www.hkexnews.hk) and the Company (http://www.tanchong.com/en/investor_relations.aspx).
The summary of the unaudited consolidated financial statements of Zero Group for the three- month period ended 30 September 2019 together with the comparative figures of the previous corresponding financial periods as filed are provided below:
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1. Consolidated Financial Results for the First Quarter of the Fiscal Year Ending June 30, 2020 (IFRS) (From July 1, 2019 to September 30, 2019)
(1) Consolidated operating results (cumulative) | (Amounts less than one million yen are rounded down) | |||||||||||||||||||||||
(Percentages indicate year-on-year changes) | ||||||||||||||||||||||||
Sales revenue | Operating income | Profit before tax | Quarterly income | Profit attributable to equity | Total comprehensive | |||||||||||||||||||
shareholders of the | income of the quarter | |||||||||||||||||||||||
company | ||||||||||||||||||||||||
Millions | % | Millions | % | Millions of | % | Millions | % | Millions of | % | Millions of | % | |||||||||||||
of yen | of yen | yen | of yen | yen | yen | |||||||||||||||||||
1Q FY2019 | 22,931 | 9.5 | 1,217 | 246.5 | 1,223 | 254.9 | 804 | - | 803 | - | 786 | - | ||||||||||||
1Q FY2018 | 20,939 | 8.2 | 351 | ∆69.0 | 344 | ∆69.5 | 21 | ∆96.8 | 23 | ∆96.5 | ∆37 | - | ||||||||||||
Basic quarterly earnings per share | Diluted quarterly earnings per share | |||||||||||||||||||||||
Yen | Yen | |||||||||||||||||||||||
1Q FY2019 | 48.15 | 48.08 | ||||||||||||||||||||||
1Q FY2018 | 1.39 | 1.38 |
(Note) "-" is shown because the change in quarterly profit and in profit attributable to equity shareholders for Q1 FY2019 exceed 1,000%.
(2) Consolidated financial position
Total assets | Total capital | Equity attributable to equity | Equity ratio attributable to | |
shareholders of the company | equity shareholders of the | |||
company | ||||
Millions of yen | Millions of yen | Millions of yen | ％ | |
1Q FY2019 | 45,086 | 23,527 | 23,510 | 52.1 |
FY2018 | 39,554 | 23,072 | 23,056 | 58.3 |
2. Cash dividends
Annual dividends per share | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | |
Yen | Yen | Yen | Yen | Yen | |
FY2018 | --- | 4.00 | --- | 20.90 | 24.90 |
FY2019 | --- | ||||
FY2019 (forecast) | 15.00 | --- | 19.60 | 34.60 | |
(Note) Amendment from the most recently announced dividend forecast: No
By the order of the Board
Tan Chong International Limited
Teo Siok Ghee
Liew Daphnie Pingyen
Joint Company Secretaries
Hong Kong, 8 November 2019
Website: http://www.tanchong.com
As at the date of this announcement, the executive Directors are Mr. Tan Eng Soon, Mr. Glenn Tan Chun Hong, Mr. Tan Kheng Leong and Mdm. Sng Chiew Huat. The non-executive Director is Mr. Joseph Ong Yong Loke. The independent non-executive Directors are Mr. Ng Kim Tuck, Mr. Azman Bin Badrillah, Mr. Prechaya Ebrahim and Mr. Teo Ek Kee.
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Tan Chong International Ltd. published this content on 08 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2019 14:34:04 UTC
