Midland IC&I Limited

-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 . Midland IC&I Limited * (Incorporated in the Cayman Islands with Limited liability) (Stock Code: 459) INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017 The board of directors (the Board ) of Midland IC&I Limited (the Company ) is pleased to announce the unaudited consolidated results of the Company and its subsidiaries (collectively referred to as the Group ) for the six months ended 30 June 2017 (the Interim Period ) together with the comparative figures as follows: CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) For the six months ended 30 June 2017 Six months ended 30 June 2017 2016 Note HK$ 000 HK$ 000 Revenues 3 313,443 231,041 Other income/(loss) 4 2,795 (691) Staff costs (161,615) (110,731) Rebate incentives (56,088) (76,311) Advertising and promotion expenses (7,199) (7,225) Operating lease charges in respect of office and shop premises (16,754) (20,672) Impairment of receivables (3,784) (8,492) Depreciation expenses (1,554) (2,083) Other operating costs (13,262) (14,445)

-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

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