Victory City International Holdings Limited Announces Audited Consolidated Earnings Results for the Year Ended March 31, 2017
June 28, 2017 at 08:48 am EDT
Victory City International Holdings Limited announced audited consolidated earnings results for the year ended March 31, 2017. For the year, the company reported revenue of HKD 4,939,904,000 against HKD 4,911,216,000 a year ago. Profit before taxation was HKD 137,732,000 against HKD 282,400,000 a year ago. Profit for the year was HKD 113,576,000 against HKD 249,520,000 a year ago. Profit for the year attributable to owners of the company was HKD 135,526,000 or 4.5 cents per diluted share against HKD 241,811,000 or 11.8 cents per diluted share a year ago. Profit from core operation was approximately HKD 253 million after adjusting the non-operating gains and losses, representing a decrease of approximately 8.7% from the previous year 2016 HKD 277 million. During the year, the Group invested approximately HKD 678 million on additions to property, plant and equipment.