SHUN CHEONG<0650> - Results Announcement
Shun Cheong Holdings Limited announced on 14/12/2000:
(stock code: 650)
Year end date: 31/3/2001
Currency: HKD (Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/4/2000 from 1/4/1999
to 30/9/2000 to 30/9/1999
Turnover : 350,709,000 273,822,000
Profit/(Loss) from Operations : 12,171,000 18,082,000
Finance cost : (2,193,000) (2,003,000)
Share of Profit/(Loss) of Associates : (1,000) (4,000)
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : 5,893,000 13,541,000
% Change over Last Period : -56.48%
EPS/(LPS)-Basic : 1.52 cents 4.14 cents
-Diluted : 1.52 cents 4.11 cents
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : 5,893,000 13,541,000
Interim Dividend per Share : NIL NIL
(Specify if with other options) : N/A N/A
B/C Dates for Interim Dividend : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : N/A
B/C Dates for Other Distribution : N/A
Remarks:
(1) Profit after taxation and MI is determined after charging the
following item:
Six months ended
30th September
2000 1999
HK$'000 HK$'000
Provision for impairment in value of an
investment 11,171 -
========================
(2) Earnings per share
The calculation of the basic and diluted earnings per share for the six
months ended 30th September 2000 is based on the following data:
Six months ended
30th September
2000 1999
HK$'000 HK$'000
Earnings
Earnings for the purposes of basic and diluted
earnings per share 5,893 13,541
======================
Number of share
Weighted average number of ordinary shares for
the purposes of basic earnings per share 387,371,600 326,798,267
Effect of dilutive potential ordinary shares:
Share options 97,012 2,784,490
--------------------------
Weighted average number of ordinary shares for
the purposes of diluted earnings per share 387,468,612 329,985,757
==========================
(3) Comparative figures
Certain of the 1999 comparative figures have been reclassified to conform
to the current period's presentation as a result of changes in the
reporting requirements in accordance with Statements of Standard
Accounting Practice Number 1 "Presentation of financial statements" issued
by the Hong Kong Society of Accountants.
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