Blue tripod in the first half of the loss of 451 million or shrink or sell lighting business

Blue Ding international announcement, for the 6 months ended June 30, 2016, the company achieved revenue of HK $445 million (about 382 million yuan), an increase of 3.07 times; attributable to shareholders of listed companies net loss of HK $526 million (about 451 million yuan), loss of HK $144 million over the same period last year; the basic loss per share of 2.56 cents.

Notice that revenue growth was mainly due to the gaming industry to benefit from the completion of the blue tripod casino and club acquisitions.

The loss was mainly due to fair value in fair value gains and losses of financial assets change; employee welfare cost integrated resort development and property development and construction planning stage and other operating expenses increased; and the group to expand the business to employee welfare expenses and other operating expenses increased.

Blue Ding international is mainly engaged in the development and operation of integrated leisure and entertainment resort (integrated resort development); the club and entertainment facilities (gaming); property development; and the design and marketing of light emitting diode (LED) and semiconductor lighting related products (lighting business).

According to the announcement, the six months ended June 30, 2016, the lighting business segment loss of approximately HK $7290000 (about 6 million 250 thousand yuan), while the same period of 2015 to approximately HK $19760000 (about 16 million 941 thousand yuan), down 63%.

The company expects the market trend of the LED lighting industry will continue to be poor, so the company has diversified its operations to different business, the company is focused on resources and energy in the development of integrated resort and gaming. In view of the LED lighting industry downturn, the company will pay close attention to the market situation, and to improve the performance of the lighting business to adjust the pricing strategy, or consider reducing or selling lighting business.

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