TIAN AN<00028> - Results Announcement
Tian An China Investments Company Limited announced on 23/8/2004:
(stock code: 00028 )
Year end date: 31/12/2004
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Auditors
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 1/1/2004 from 1/1/2003
to 30/6/2004 to 30/6/2003
Note ('000 ) ('000 )
Turnover : 887,221 415,968
Profit/(Loss) from Operations : 167,331 36,521
Finance cost : (37,830) (22,668)
Share of Profit/(Loss) of
Associates : (4,046) 1,355
Share of Profit/(Loss) of
Jointly Controlled Entities : (2,502) 26,060
Profit/(Loss) after Tax & MI : 52,274 13,160
% Change over Last Period : +297 %
EPS/(LPS)-Basic (in dollars) : 0.066 0.015
-Diluted (in dollars) : 0.064 0.015
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 52,274 13,160
Interim Dividend : NIL NIL
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Interim Dividend : N/A
Payable Date : N/A
B/C Dates for (-)
General Meeting : N/A
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. Turnover represents the aggregate of proceeds on the sale of property
development, property investment, sales of construction materials and
other operations.
2. Earnings per share
The calculation of basic and diluted earnings per share is based on the
following data:
(Unaudited)
Six months ended 30 June
2004 2003
HK$'000 HK$'000
Earnings
Earnings for the purposes of basic and diluted
earnings per share 52,274 13,160
======== =======
Six months ended 30 June
2004 2003
Number of shares
Weighted average number of ordinary shares for
the purpose of basic earnings per share (which
has been adjusted for the consolidation of the
Company's ordinary shares on 10 March 2004)
786,598,115 849,070,458
Effect of dilutive potential ordinary shares:
- Warrants 25,352,058 -
----------- --------------
Weighted average number of ordinary shares for
the purpose of dilutive earnings per share
811,950,173 849,070,458
========= =========
The computation of diluted earnings per share for the six months ended 30
June 2004 does not assume the exercise of the outstanding share options of
the subsidiary as the exercise price was higher than the average market
price per share.
The computation of diluted earning per share for the six months ended 30
June 2003 does not assume the exercise of the Company's outstanding
warrants as the exercise price was higher than the average market price
per share.
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