AMTD Digital Recorded Solid Half Yearly Performance
Highlights of Half Year Financial Results
-
During the six months ended
October 31, 2023 , despite the global economic slowdown and rising geopolitical uncertainties which led to volatile world markets, the Company demonstrated strong resilience and achieved solid financial performance. -
We generated
US$6.9 million in revenue from hotel operations, hospitality and VIP services after the injection ofAMTD Assets Group into the Company. -
Fair value gain on financial assets measured at fair value for the six months ended
October 31, 2023 amounted toUS$16.3 million . -
We recorded other gains of
US$14.3 million as a result of disposal of certain subsidiaries for the six months endedOctober 31, 2023 .
Statements from the Board Members:
Dr.
Ms.
Financial Results for the Six Months Ended
Our revenue for the six months ended
Employee benefits expenses
Staff costs for the six months ended
Premises and office expenses
Premises and office expenses for the six months ended
Depreciation and amortization
Depreciation and amortization for the six months ended
Finance costs
Finance costs for the six months ended
Other expenses
Other expenses for the six months ended
Change in fair value on financial assets measured at fair value through profit or loss (“FVTPL”)
Change in fair value on financial assets measured at FVTPL for the six months ended
Other Income
Other income increased by 85.3% as compared to the same period in prior year to
Income Tax Expense
Income tax expense for the six months ended
Profit For The Period
Profit for the six months ended
About
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
FOR THE SIX MONTHS ENDED |
|||||
|
Six months ended |
||||
|
2022 |
|
2023 |
||
|
US$’000 |
|
US$’000 |
||
|
(Unaudited) |
|
(Unaudited) |
||
Revenue from contracts with customers |
13,918 |
|
|
8,677 |
|
Employee benefits expenses |
(3,761 |
) |
|
(3,075 |
) |
Advertising and promotion expense |
(318 |
) |
|
(177 |
) |
Premises and office expenses |
(482 |
) |
|
(1,487 |
) |
Legal and professional fee |
(1,199 |
) |
|
(1,339 |
) |
Depreciation and amortization |
(421 |
) |
|
(2,137 |
) |
Finance costs |
- |
|
|
(3,404 |
) |
Other expenses |
(498 |
) |
|
(4,589 |
) |
Changes in fair value on financial assets measured at fair value through profit or loss (“FVTPL”) |
351 |
|
|
16,287 |
|
Other income |
4,852 |
|
|
8,992 |
|
Other gains and losses, net |
(42 |
) |
|
14,349 |
|
Profit before tax |
12,400 |
|
|
32,097 |
|
Income tax expense |
(1,731 |
) |
|
(1,992 |
) |
Profit for the period |
10,669 |
|
|
30,105 |
|
Profit (loss) for the period attributable to: |
|
|
|
||
- Owners of the Company |
11,086 |
|
|
31,889 |
|
- Non-controlling interests |
(417 |
) |
|
(1,784 |
) |
|
10,669 |
|
|
30,105 |
|
Earnings per share |
|
|
|
||
- Basic (US$) |
0.15 |
|
|
0.41 |
|
- Diluted (US$) |
0.15 |
|
|
0.41 |
|
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AS AT |
|||||
|
As of |
|
As of |
||
|
2023 |
|
2023 |
||
|
US$’000 |
|
US$’000 |
||
|
(Audited) |
|
(Unaudited) |
||
ASSETS |
|
|
|
||
Non-current assets: |
|
|
|
||
Property, plant and equipment |
238,600 |
|
|
175,112 |
|
Intangible assets |
311 |
|
|
279 |
|
Financial assets at FVTPL |
5,170 |
|
|
288 |
|
Interests in joint ventures |
98,092 |
|
|
90,652 |
|
Total non-current assets |
342,173 |
|
|
266,331 |
|
Current assets: |
|
|
|
||
Accounts receivable |
9,803 |
|
|
934 |
|
Prepayments, deposits and other receivables |
7,678 |
|
|
35,827 |
|
Amount due from |
126,444 |
|
|
195,278 |
|
Amount due from a non-controlling shareholder |
539 |
|
|
- |
|
Financial assets at FVTPL |
9,243 |
|
|
5,723 |
|
Fiduciary bank balances |
785 |
|
|
913 |
|
Cash and cash equivalents |
152,930 |
|
|
134,843 |
|
|
307,422 |
|
|
373,518 |
|
Assets classified as held for sale |
12,081 |
|
|
79,947 |
|
Total current assets |
319,503 |
|
|
453,465 |
|
Total assets |
661,676 |
|
|
719,796 |
|
|
|
|
|
||
EQUITY AND LIABILITIES |
|
|
|
||
Current liabilities: |
|
|
|
||
Clients’ monies held on trust |
428 |
|
|
814 |
|
Accounts payable |
493 |
|
|
69 |
|
Other payables and accruals |
3,253 |
|
|
18,913 |
|
Bank borrowings |
15,000 |
|
|
15,000 |
|
Amount due to a non-controlling shareholder |
53,803 |
|
|
53,389 |
|
Contract liabilities |
10,162 |
|
|
- |
|
Income tax payable |
4,571 |
|
|
2,638 |
|
|
87,710 |
|
|
90,823 |
|
Liabilities associated with assets classified as held for sale |
1,030 |
|
|
17,912 |
|
Total current liabilities |
88,740 |
|
|
108,735 |
|
Non-current liabilities: |
|
|
|
||
Bank borrowings |
50,803 |
|
|
50,565 |
|
Contract liabilities |
1,031 |
|
|
- |
|
Total non-current liabilities |
51,834 |
|
|
50,565 |
|
Total liabilities |
140,574 |
|
|
159,300 |
|
Capital and reserves: |
|
|
|
||
Share capital |
8 |
|
|
8 |
|
|
(52,235 |
) |
|
(52,235 |
) |
Reserves |
510,174 |
|
|
562,859 |
|
Equity attributable to owners of the Company |
457,947 |
|
|
510,632 |
|
Non-controlling interests |
63,155 |
|
|
49,864 |
|
Total equity |
521,102 |
|
|
560,496 |
|
Total equity and liabilities |
661,676 |
|
|
719,796 |
|
|
|
|
|
View source version on businesswire.com: https://www.businesswire.com/news/home/20240430271195/en/
For
IR Office
EMAIL: ir@amtdigital.com
Source: