eSun Holdings (00571) said its profit attributable to owners for the year ended 31 July 2016 dropped 68.7% year-on-year to HK$80.825 million.
The decrease is primarily due to a lower revaluation gain arising from the revaluation of the Lai Fung Group's investment properties for the year ended 31 July 2016 as compared to last year and the decrease in results of Media Asia Group (MAGHL) Group during the year which is primarily attributable to the decrease in both the turnover and the gross profit ratio due to the decrease in the number of large-scale films released and events held by MAGHL Group during the year and the increase in other operating expenses of MAGHL Group which is mainly due to the exchange loss arising from depreciating Renminbi.
Basic and diluted earnings per share were HK6.5 cents.
The turnover was HK$3,369.3 million, an increase of 1.2% from a year earlier. Gross profit fell 2.9% year-on-year to HK$1,378.2 million.
No final dividend will be distributed.