PDF《ANNOUNCEMENT OF INTERIM RESULTS》

1 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in Hong Kong with limited liability) (Stock Code: 154) ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED

30 JUNE

2016 HIGHLIGHTS ? The Group'

s revenue from continuing operations for the six months ended

30 June

2016 amounted to HK$160.92 million, increased by 1.04 times as compared with HK$78.82 million in the corresponding period of last year. ? EBITDA (excluding foreign exchange gain) for the period from continuing operations amounted to HK$33.39 million, increased by 12% as compared with HK$29.81 million in the corresponding period of last year. ? Profit for the period attributable to members of the Company was HK$91.80 million (six months ended

30 June 2015: loss of HK$3.31 million), analysed into profit from continuing operations of HK$21.62 million (six months ended

30 June 2015: HK$10.26 million) and profit from a discontinued operation of HK$70.18 million (six months ended

30 June 2015: loss of HK$13.57 million). ? Basic earnings per share was HK6.12 cents and basic earnings per share from continuing operations was HK1.44 cents. ? Net assets as at

30 June

2016 amounted to HK$2.09 billion. ? The Board does not recommend the payment of an interim dividend for the period.

2 The board (the Board ) of directors (the Directors ) of Beijing Enterprises Environment Group Limited (formerly known as Beijing Development (Hong Kong) Limited) (the Company ) is pleased to announce the unaudited consolidated results of the Company and its subsidiaries (collectively, the Group ) for the six months ended

30 June 2016, together with comparative figures for the corresponding period in last year, as follows: CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the six months ended

30 June

2016 For the six months ended

30 June

2016 2015 (Unaudited) (Unaudited) Notes HK$'

000 HK$'

000 CONTINUING OPERATIONS REVENUE

4 160,923 78,819 Cost of sales (119,706) (53,625) Gross profit 41,217 25,194 Other income and gains, net

4 21,913 7,521 Selling and distribution expenses (1,592) C Administrative expenses (30,972) (16,097) Other operating expenses, net (31) (32) PROFIT FROM OPERATING ACTIVITIES OF CONTINUING OPERATIONS

5 30,535 16,586 Finance costs

6 (1,734) (5,621) Share of loss of a joint venture (35) C PROFIT BEFORE TAX FROM CONTINUING OPERATIONS 28,766 10,965 Income tax

7 (8,408) (818) PROFIT FOR THE PERIOD FROM CONTINUING OPERATIONS 20,358 10,147 DISCONTINUED OPERATION Profit/(loss) for the period from a discontinued operation 8(a) 65,740 (19,219) PROFIT/(LOSS) FOR THE PERIOD 86,098 (9,072)

3 For the six months ended

30 June

2016 2015 (Unaudited) (Unaudited) Note HK$'

000 HK$'

000 ATTRIBUTABLE TO: Members of the Company Continuing operations 21,617 10,259 Discontinued operation 70,179 (13,568) 91,796 (3,309) Non-controlling interests (5,698) (5,763) 86,098 (9,072) EARNINGS/(LOSS) PER SHARE ATTRIBUTABLE TO MEMBERS OF THE COMPANY

10 C Basic (HK cents) For profit/(loss) for the period 6.12 (0.22) For profit for the period from continuing operations 1.44 0.69 C Diluted (HK cents) For profit/(loss) for the period 4.24 N/A For profit for the period from continuing operations 1.06 0.68