SHUN CHEONG<00650> - Results Announcement (Summary)
Shun Cheong Holdings Limited announced on 24/12/2001:
(stock code: 650)
Year end date: 31/3/2002
Currency: HKD (Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/4/2001 from 1/4/2000
to 30/9/2001 to 30/9/2000
Turnover : 354,636,000 353,808,000
Profit/(Loss) from Operations : (2,656,000) 23,342,000
Finance cost : (2,154,000) (2,193,000)
Share of Profit/(Loss) of Associates : (5,364,000) (1,000)
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : (10,708,000) 5,893,000
% Change over Last Period : N/A
EPS/(LPS)-Basic : (2.77 cents) 1.52 cents
-Diluted : (2.77 cents) 1.52 cents
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : (10,708,000) 5,893,000
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) Analysis of Turnover and Operating (Loss) Profits from Continuing
Operations and Discontinuing Operation
Contribution to
Turnover Operating (loss) profit
Six months ended Six months ended
30th September 30th September
2001 2000 2001 2000
(Unaudited) (Unaudited (Unaudited) (Unaudited and
and restated) restated)
HK$'000 HK$'000 HK$'000 HK$'000
Continuing operations
Building services contracting business
319,478 289,125 9,559 26,065
Project management income
2,085 3,099 2,085 3,099
Trading of electrical and mechanical engineering
materials equipment
10,588 42,656 (1,384) 1,397
Provision for design, installation and maintenance of karaoke on demand
system 11,048 16,806 (3,833) 1,858
----------------------------------------------------
343,199 351,686 6,427 32,419
Discontinuing operation
Provision for broadband connectivity
11,437 2,122 (3,905) (7,883)
------------------------------------------------
354,636 353,808 2,522 24,536
======= =======
Unallocated corporate expenses (5,178) (1,194)
---------------------
Operating (loss) profit (2,656) 23,342
=====================
(2) (Loss) Profit after Taxation and MI
(Loss) Profit after Taxation and MI is arrived at after charging the
following items:
Six months ended
30th September
2001 2000
(Unaudited) (Unaudited)
HK$'000 HK$'000
Provision for impairment in value of other investment
- 11,171
=======
(3) (Loss) Earnings per Share
Six months ended
30th September
2001 2000
(Unaudited) (Unaudited)
HK$'000 HK$'000
(Loss) Earnings for the purposes of computing basic and diluted (loss)
earnings per share (10,708) 5,893
========= =======
Number of ordinary shares:
Weighted average number of ordinary shares for the purposes of basis
(loss) earnings per share 386,746,600 387,371,600
Effect of dilutive share option 4,846 97,012
------ --------
Weighted average number of ordinary shares for the purposes of diluted
(loss) earnings per share 386,751,446 387,468,612
============ ============
(4) Comparative Figures
Project management income of approximately HK$3,099,000 for the six months
ended 30th September 2000 has been reclassified from other revenues to
turnover to conform to the current period's presentation.
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