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The directors of Alco Holdings Limited (the “Company”) announce the unaudited
consolidated interim results of the Company and its subsidiaries (the “Group”) for the six
months ended 30 September 2019, as follows:

CONSOLIDATED INCOME STATEMENT
For the six months ended 30 September 2019
Unaudited
Six months ended
30 September
2019 2018
Note HK$’000 HK$’000

Revenue 3 462,113 836,096
Cost of goods sold 5 (552,017) (867,806)

Gross loss (89,904) (31,710)
Other income 4 1,697 5,767
Selling expenses 5 (56,034) (86,472)
Administrative expenses 5 (59,797) (65,199)
Other operating expenses 5 (4,468) (4,073)

Operating loss (208,506) (181,687)
Finance income 857 2,941
Finance costs (8,182) (5,084)

Loss before income tax (215,831) (183,830)
Income tax (expense)/credit 6 (1,194) 3,054

Loss for the period (217,025) (180,776)

Loss for the period attributable to:
– Equity holders of the Company (216,786) (180,598)
– Non-controlling interests (239) (178)

(217,025) (180,776)

Loss per share attributable to
equity holders of the Company
– Basic 7 (HK30.0 cents) (HK31.2 cents)
– Diluted 7 (HK30.0 cents) (HK31.2 cents)

Dividends 8 – –

Interim Report 2019 ALCO HOLDINGS LIMITED 1