SHUN CHEONG<00650> - Results Announcement (Summary)
Shun Cheong Holdings Limited announced on 24/8/2001:
(stock code: 650)
The auditors' report on the financial statements which contain the
following result is qualified by the Company's auditors. For more
details, please refer to the press announcement issued by the Company on
27/8/2001.
Year end date: 31/3/2001
Currency: HKD (Audited)
(Audited) Last
Current Corresponding
Period Period
from 1/4/2000 from 1/4/1999
to 31/3/2001 to 31/3/2000
Turnover : 828,534,000 699,967,000
Profit/(Loss) from Operations : 32,422,000 41,114,000
Finance cost : (4,645,000) (3,562,000)
Share of Profit/(Loss) of Associates : (19,000) (158,000)
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : (35,419,000) 32,028,000
% Change over Last Period : N/A
EPS/(LPS)-Basic : (9.14 cents) 9.63 cents
-Diluted : (9.14 cents) 9.54 cents
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : (35,419,000) 32,028,000
Final Dividend per Share : NIL 1.75 cents
(Specify if with other options) : NIL -
B/C Dates for Final 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) (Loss) Profit after Taxation and Minority Interest
(Loss) Profit after taxation and minority interest was determined after
charging the following item:
Year ended 31 March
2001 2000
HK$'000 HK$'000
Provision for impairment in value of other
investment 13,202 -
Provision for impairment in value of
investment securities 38,298 -
Provision for impairment in value of stock 2,922 -
Provision for impairment in value of fixed
assets 7,972 -
------------------------
62,394 -
========================
(2) (Loss) Earnings per Share
Year ended 31 March
2001 2000
HK$'000 HK$'000
(Loss) Earnings for the purpose of computing
basic and diluted (loss) earnings per share (35,419) 32,028
========================
Number of shares
Weighted average number of ordinary shares
for the purposes of computing basic (loss)
earnings per share 387,357,016 332,445,350
Effect of dilutive potentional ordinary share:
Share option 85,264 3,384,281
--------------------------
Weighted average number of ordinary shares
for the purposes of computing diluted
(loss) earnings per share 387,442,280 335,829,631
==========================
(3) Comparison with Unaudited Final Results
Save in respect of the Qualified Audit Opinion, there is no material
difference between these results and the unaudited final results of the
Group for the year ended 31 March 2001 disclosed by the Company in the
announcement dated 9 August, 2001.
(4) Comparative Figures
Certain of the 2000 comparative figures have been reclassified to conform
to the current year's presentation.
For more details, please refer to the press announcement today.
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