Guoco : Announcement - Announcement of Unaudited Financial Results for the Second Quarter and Half Year Ended 31 December 2016 of Subsidiary - GuocoLand Limited

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ANNOUNCEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 31 DECEMBER 2016 OF SUBSIDIARY - GUOCOLAND LIMITED THIS ANNOUNCEMENT IS MADE BY GUOCO GROUP LIMITED ("GUOCO") PURSUANT TO PART XIVA OF THE SECURITIES AND FUTURES ORDINANCE AND RULE 13.09(2)(a) OF THE RULES GOVERNING THE LISTING OF SECURITIES ON THE STOCK EXCHANGE OF HONG KONG LIMITED TO PROVIDE SHAREHOLDERS OF GUOCO WITH FINANCIAL INFORMATION ON A LISTED SUBSIDIARY OF GUOCO, GUOCOLAND LIMITED, WHICH HAS ANNOUNCED ON 20 JANUARY 2017 ITS UNAUDITED FINANCIAL RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 31 DECEMBER 2016.

GuocoLand Limited ("GuocoLand"), a subsidiary of Guoco and listed on Singapore Exchange Securities Trading Limited ("SGX-ST"), has announced on 20 January 2017 the unaudited financial results of GuocoLand and its subsidiaries (the "GuocoLand Group") for the second quarter and half year ended 31 December 2016. The summary of the unaudited financial results of the GuocoLand Group for the second quarter and half year ended 31 December 2016 together with the comparative figures of the previous corresponding financial periods are provided below:‌

GuocoLand Limited‌ Summary of the unaudited financial results of the GuocoLand Group for the second quarter and half year ended 31 December 2016

(Note: The expressions "Company" and "$" mean "GuocoLand" and "Singapore dollars" respectively.)

Second quarter ended	Second quarter ended	Half year ended	Half year ended
31/12/2016	31/12/2015	31/12/2016	31/12/2015
$'000	$'000	$'000	$'000
Revenue‌	231,976	239,503	434,740	679,336
Cost of sales	(184,559)	(178,653)	(344,646)	(474,644)
Gross profit	47,417	60,850	90,094	204,692
Profit before tax	83,687	44,398	115,181	698,185
Tax expense	(16,066)	(1,563)	(23,672)	(137,742)
Profit for the period	67,621	42,835	91,509	560,443
Attributable to:
Owners of the Company	57,124	39,033	82,768	555,532
Non-controlling interests	10,497	3,802	8,741	4,911
Profit for the period	67,621	42,835	91,509	560,443

Dividend

No ordinary dividend has been declared for the second quarter and half year ended 31 December 2016.

Remarks: Details of the unaudited financial results of the GuocoLand Group for the second quarter and half year ended 31 December 2016 are accessible at SGX-ST's website (http://www.sgx.com) and are also posted by Guoco as an overseas regulatory announcement on the websites of The Stock Exchange of Hong Kong Limited (http://www.hkexnews.hk) and Guoco (http://www.guoco.com).

By Order of the Board Stella Lo Sze Man Company Secretary‌

Hong Kong, 20 January 2017

As at the date of this announcement, the board of directors of Guoco comprises Mr. Kwek Leng Hai as Executive Chairman; Mr. Tang Hong Cheong as President & CEO; Mr. Kwek Leng San and Mr. Tan Lim Heng as Non-executive Directors and Mr. Volker Stoeckel, Mr. Roderic N. A. Sage and Mr. David Michael Norman as Independent Non-executive Directors.