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The directors of Alco Holdings Limited (the “Company”) announce the unaudited condensed
       consolidated  interim  results  of  the  Company  and  its  subsidiaries  (the  “Group”)  for  the  six
       months ended 30th September 2015, as follows:

       CONDENSED CONSOLIDATED INCOME STATEMENT
      For the six months ended 30th September 2015

                                                              Unaudited
                                                           Six months ended
                                                            30th September
                                                             2015           2014
                                              Note       HK$’000         HK$’000
       Revenue                                  3        1,383,088      1,095,396
       Cost of goods sold                       4       (1,223,336)    (1,030,763)

       Gross profit                                       159,752         64,633
       Other income                                         4,164          4,214
       Selling expenses                         4          (51,518)       (43,333)
       Administrative expenses                  4          (37,858)       (31,105)
       Other operating expenses                 4           (5,099)       (10,066)

       Operating profit/(loss)                             69,441         (15,657)
       Finance income                                       8,590          6,670
       Finance costs                                        (1,637)        (2,281)

       Profit/(loss) before income tax                     76,394         (11,268)
       Income tax (expenses)/credit             5           (5,271)        2,009

       Profit/(loss) for the period                        71,123          (9,259)

       Profit/(loss) for the period
         attributable to:
         – Equity holders of the Company                   71,329          (9,181)
         – Non-controlling interests                         (206)           (78)


                                                           71,123          (9,259)

       Earnings/(loss) per share attributable to
         equity holders of the Company
         – basic                                6    HK12.3 cents    (HK1.6 cents)
         – diluted                              6    HK12.3 cents    (HK1.6 cents)

       Dividends                                7          34,762         17,381



                                            Interim Report 2015     ALCO HOLDINGS LIMITED  1
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