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Consolidated Income Statement
For the year ended 31st March 2017

Consolidated Income Statement

For the year ended 31st March 2017

2017 2016
Note HK$’000 HK$’000

Revenue 5 2,100,142 2,879,104

Cost of goods sold 7 (1,862,266) (2,380,634)

Gross profit 237,876 498,470

Other income 6 33,022 10,129

Selling expenses 7 (84,351) (104,200)

Administrative expenses 7 (96,192) (87,424)

Other operating expenses 7 (12,083) (17,473)

Gain on disposal of properties 29 – 221,318

Operating profit 78,272 520,820

Finance income 10 9,875 13,276

Finance costs 10 (10,268) (8,695)

Profit before income tax 77,879 525,401

Income tax expense 11 (3,987) (19,382)

Profit for the year 73,892 506,019

Profit/(loss) for the year attributable to:
– Equity holders of the Company 73,897 506,028
– Non-controlling interests (5) (9)

73,892 506,019
Earnings per share attributable to
equity holders of the Company
– Basic 12 HK12.8 cents HK87.3 cents
– Diluted 12 HK12.8 cents HK87.3 cents
Dividends 13 57,937 556,193

The notes on pages 50 to 104 are an integral part of these consolidated financial statements.

44 ALCO HOLDINGS LIMITED ANNUAL REPORT 2017