DYNAMIC HOLD<00029> - Results Announcement
Dynamic Holdings Limited announced on 24/10/2006:
(stock code: 00029 )
Year end date: 30/06/2006
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/07/2005 from 01/07/2004
to 30/06/2006 to 30/06/2005
Note ('000 ) ('000 )
Turnover : 171,469 126,939
Profit/(Loss) from Operations : 153,066 106,381
Finance cost : (1,014) (783)
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 130,160 92,135
% Change over Last Period : +41 %
EPS/(LPS)-Basic (in dollars) : 0.594 0.421
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 130,160 92,135
Final Dividend : 3 cents 2 cents
per Share
(Specify if with other : NIL NIL
options)
B/C Dates for
Final Dividend : 18/12/2006 to 22/12/2006 bdi.
Payable Date : 17/01/2007
B/C Dates for Annual
General Meeting : 18/12/2006 to 22/12/2006 bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. Explanation of change in turnover, profit from operations and
profit after taxation and minority interests
For the year ended 30 June 2006, the turnover of the Group amounted to
HK$171,469,000 showing an increase of 35% as compared with HK$126,939,000
for the previous year. It is primarily attributable to the booking of
sales of Phase III of Chaoyang Garden in Beijing during the year. Despite
reduced rental receipts following the disposal of Dynamic Cargo Centre and
lower profit from port operations, the gross profit for the year was HK$
47,170,000 - a slight drop of about 2% as compared with the previous year.
The disposal of the Group's cargo centre at a cash consideration of
HK$632,000,000 realised a capital gain of HK$128,096,000. This, together
with property sales and rental revenue produced an aggregate profit of
HK$130,160,000 attributable to shareholders of the Company for the year,
representing an increase of 41% from HK$92,135,000 of the previous year.
Earnings per share for the year were HK$0.594 as compared with HK$0.421 in
the previous year.
2. Basic and diluted earnings per share
The calculation of basic earnings per share is based on profit
attributable to shareholders of the Company for the year of HK$130,160,000
and on 219,103,681 ordinary shares in issue throughout the year.
Diluted earnings per share is not shown as there was no dilution effect on
the earnings per share in the year.
3. Explanation for any change or adjustment of the last corresponding
results
Certain figures of cost of sales and taxation of the last corresponding
results have been re-classified so as to present more consistent financial
information with those of the financial information of current year.
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