TIAN AN<0028> - Results Announcement
Tian An China Investments Company Limited announced on 18/4/2000:
(stock code: 28)
Year end date: 31/12/1999
Currency: HK$ (Audited)
(Audited) Last
Current Corresponding
Period Period
from 1/1/1999 from 1/1/1998
to 31/12/1999 to 31/12/1998
('000) ('000)
Turnover
- Continuing : 513,928 566,251
- Discontinued : - -
Operating Profit/(Loss)
- Continuing : 10,376 74,514
- Discontinued : - -
Total Operating Profit/(Loss) : 10,376 74,514
Share of Profit/(Loss) of
Associated Companies : 10,278 10,358
Share of Profit/(Loss) of
Jointly Controlled Entities : 14,035 42,273
Profit/(Loss) after Tax & MI : 10,637 50,476
% Change over Last Period : -78.9%
EPS/(LPS)-Basic : 0.3 cent 2.6 cents
-Diluted : 0.3 cent N/A
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : 10,637 50,476
Final Dividend per Share : NIL NIL
(Specify if with other options) : - -
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) Turnover
Turnover represents the aggregate of proceeds on sales of development
proporties, proceeds from sales of goods, income from hotel and property
management and commission from agency services. The comparative figures
have been realigned to conform with current year's presentation.
(2) Earnings per share
The calculation of basic and diluted earnings per share is based on the
following data:
1999 1998
HK$'000 HK$'000
Earnings
Earnings for the purposes of basic
and diluted earnings per share 10,637 50,476
======= =======
1999 1998
Number of Shares
Weighted average number of
ordinary shares for the
purposes of basic earnings
per share 3,630,176,247 1,930,213,820
Effect of dilutive potential ordinary
shares:
Warrants (expiring on
25th February, 2000 80,045,919 -
------------- -------------
Weighted average number of ordinary
shares for the purposes of diluted
earnings per share 3,710,222,166 1,930,213,820
============= =============
There was no bonus element in the rights issue made on 15th February,
1999. Accordingly, no adjustment is made on the number of ordinary shares
issued in calculating the basic earnings per share for both years 1999 and
1998.
The computation of diluted earnings per share for the year does not assume
the conversion of the Company's outstanding convertible loan notes since
their exercise would result in an increase in earnings per share from
continuing ordinary operations.
The computation of diluted earnings per share for the year does not assume
the exercise of the Company's outstanding share options and warrants
(expiring on 6th March, 2000) as the exercise price is higher than
the average market price per share.
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