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Consolidated Income Statement
For the year ended 31st March 2016

Consolidated Income Statement

For the year ended 31st March 2016

2016 2015
Note HK$’000 HK$’000

Revenue 5 2,879,104 2,562,566

Cost of goods sold 7 (2,380,634) (2,275,384)
Gross profit 498,470 287,182

Other income 6 10,129 18,985

Selling expenses 7 (104,200) (98,187)

Administrative expenses 7 (87,424) (69,034)

Other operating expenses 7 (17,473) (21,231)

Gain on disposal of properties 29 221,318 –

Operating profit 520,820 117,715
Finance income 10 13,276 13,693

Finance costs 10 (8,695) (6,831)
Profit before income tax 525,401 124,577

Income tax expense 11 (19,382) (10,402)

Profit for the year 506,019 114,175
Profit for the year attributable to:
– Equity holders of the Company 506,028 114,250
– Non-controlling interests (9) (75)
506,019 114,175

Earnings per share attributable to
equity holders of the Company
– Basic 12 HK87.3 cents HK19.7 cents
– Diluted 12 HK87.3 cents HK19.7 cents
Dividends 13 556,193 75,318

The notes on pages 33 to 86 are an integral part of these consolidated financial statements.

ALCO HOLDINGS LIMITED ANNUAL REPORT 2016 27