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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 . BIRMINGHAM CITY FOOTBALL CLUB -1875- BIRMINGHAM SPORTS HOLDINGS LIMITED 伯明翰 體育 控股 有限公司 ( Incorporated in the Cayman Islands with limited liability ) ( Stock Code : 2309 ) INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2020 The Board of Directors ( the “ Board ” ) of Birmingham Sports Holdings Limited ( the " Company " ) hereby announces the unaudited condensed consolidated results of the Company and its subsidiaries ( collectively referred to as the " Group " ) for the six months ended 31 December 2020 together with the comparative figures as follows : CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the six months ended 31 December 2020 Six months ended 31 December Notes 2020 HK $ ' 000 ( Unaudited ) 2019 HK $ ' 000 ( Unaudited ) Revenue Operating expenses Loss from operations 4 73,205 ( 190,398 ) 133,990 ( 239,341 ) ( 117,193 ) ( 105,351 ) Interest revenue 6,866 4,164 Other income 6 11,100 3,709 Profit on sales of players ' registration 264,372 116,204 Amortisation of intangible assets ( 34,916 ) ( 41,301 ) Administrative and other expenses ( 27,675 ) ( 28,575 ) Impairment loss on goodwill ( 5,490 ) Fair value change on investment properties ( 15,756 ) Fair value gain on derivative financial instruments 13,741 Share - based payments expense ( 1,247 ) ( 1,380 ) Finance costs 7 ( 18,428 ) ( 13,677 ) Profit ( loss ) before taxation 8 75,374 ( 66,207 )