The board of directors (the “Board” or “Directors”) of the Company announces the audited consolidated results of the Group for the year ended 31 December 2019 (the “Year”). The audited consolidated results for the Year have been reviewed by the audit committee of the Company (the “Audit Committee”) and audited by the auditor of the Company, PricewaterhouseCoopers.
For the Year, the Group recorded a profit for the year attributable to equity holders of the Company of approximately HK$176.05 million (2018: HK$139.58 million) which is primarily attributable to the net valuation gains in fair value of financial assets at fair value through profit or loss for the Year.
The finance income for the Year was approximately HK$0.07 million (2018: HK$0.05 million). The net valuation gains on fair value of financial assets at fair value through profit or loss amounted to approximately HK$214.61 million (2018: HK$174.31 million) was recorded in the Year. The general and administrative expenses of the Group for the Year were approximately HK$18.26 million (2018: HK$15.16 million). The increase was mainly resulted from the increase in employee benefits expenses and legal and professional fees incurred during the Year. The finance expenses for the Year were approximately HK$21.44 million (2018: HK$20.23 million). The Group’s net asset value increased to approximately HK$1,798.48 million (2018: HK$1,623.94 million). Earnings per share for the Year was amounted to approximately HK6.07 cents (2018: HK4.81 cents).