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Bright Smart Securities & Commodities Group Limited — Earnings Release 2013
Mar 21, 2013
49919_rns_2013-03-21_af0f80de-269c-47e5-bb5c-b7500127bf47.pdf
Earnings Release
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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.
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BRIGHT SMART SECURITIES & COMMODITIES GROUP LIMITED 耀才證券金融集團有限公司
(Incorporated in the Cayman Islands with limited liability)
(the “Company”, Stock Code: 1428)
INSIDE INFORMATION ANNOUNCEMENT
This announcement is made pursuant to the Inside Information Provisions (as defined the Listing Rules) under Part XIVA of the Securities and Futures Ordinance and Rule 13.09 of the Listing Rules.
The Board wishes to inform the Shareholders and potential investors that it has noticed a piece of press news published yesterday in relation to Securities and Futures Commission ordering a small securities firm (namely Salisbury Securities Limited) to cease business. The market expects additional small to medium sized securities firms may cease business due to financial difficulties. The Board hereby emphasizes that the Group has strong cash flow and financial position and is totally unaffected by the above situation. The Company would like to announce that the Group has recorded an unaudited consolidated net profit of approximately HK$81.5 million for the 11 months ended 28 February 2013 , significantly increased by 34.49% when compared with that of HK$60.6 million for the previous financial year (12 months) .
Capitalising on its “Low Commission Policy”, “Reliable Trading Platform”, “Quality Customer Services”, together with rich risk management experiences, the Group is well trusted and recognized by its customers. Complemented by its well established branch network, numerous investment products and extensive marketing promotion, the Group’s number of client accounts continues to grow, crossing the 80,000 threshold. The Board is confident in the Group’s future prospects.
Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.
This announcement is made pursuant to the Inside Information Provisions (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited) (the “ Listing Rules ”) under Part XIVA of the Securities and Futures Ordinance (Cap. 571) and Rule 13.09 of the Listing Rules.
The board of directors of the Company (the “ Board ”) wishes to inform the Shareholders and potential investors that it has noticed a piece of press news published yesterday in
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relation to Securities and Futures Commission ordering a small securities firm (namely Salisbury Securities Limited) to cease business. The market expects additional small to medium sized securities firms may cease business due to financial difficulties.
The Board hereby emphasizes that the Group has strong cash flow and financial position and is totally unaffected by the above situation. The Company would like to announce that the Group has recorded an unaudited consolidated net profit of approximately HK$81.5 million for the 11 months ended 28 February 2013 , significantly increased by 34.49% when compared with that of HK$60.6 million for the previous financial year (12 months) .
Capitalising on its “Low Commission Policy”, “Reliable Trading Platform”, “Quality Customer Services”, together with rich risk management experiences, the Group is well trusted and recognized by customers. Complemented by its well established branch network, numerous investment products and extensive marketing promotion, the Group’s number of client accounts continues to grow, crossing the 80,000 threshold. The Board is confident in the Group’s future prospects.
Data References:
| Data References: | |||
|---|---|---|---|
| As at28 February 2013 | As at31 March 2012 | Increasedby% | |
| Net asset value | **HK$746.7 million ** | HK$493.8 million | 51.22% |
| Number of client accounts | 87,266 | 60,477 | 44.30% |
| Number of branches | 17 | 13 | 30.77% |
The information contained in this announcement is only an assessment made by the management of the Company relying on unaudited management accounts available to the management, and such information has not been audited or reviewed by the Company’s independent auditor. Shareholders and potential investors are advised to refer to the details in the final results announcement of the Company for the year ended 31 March 2013 to be released in due course, but in any case not later than 30 June 2013.
Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.
By order of the Board Bright Smart Securities & Commodities Group Limited
Chan Kai Fung
Executive Director and Chief Executive Officer
Hong Kong, 21 March 2013
As at the date of this announcement, the Board comprises Messrs. Yip Mow Lum (Chairman), Chan Kai Fung (Chief Executive Officer), Kwok Sze Chi, Chan Wing Shing, Wilson, Yu Yun Kong*, Szeto Wai Sun* and Ling Kwok Fai, Joseph*.
* Independent Non-executive Directors
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