TAI SANG LAND<00089> - Results Announcement (Summary)
Tai Sang Land Development Limited announced on 10/09/2003:
(stock code: 00089 )
Year end date: 31/12/2003
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/01/2003 from 01/01/2002
to 30/06/2003 to 30/06/2002
Note ('Million ) ('Million )
Turnover : 99.1 100.2
Profit/(Loss) from Operations : 34.7 35.8
Finance cost : (10.2) (11.2)
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 : 15.4 18.5
% Change over Last Period : -16.7 %
EPS/(LPS)-Basic (in dollars) : 0.053 0.064
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 15.4 18.5
Interim Dividend : 4.5 cents 6 cents
per Share
(Specify if with other : N/A N/A
options)
Record Dates for Interim Dividend :At the close of business on 30/09/2003
Payable Date : 08/10/2003
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. Profit/(Loss) after Taxation & MI
The change in accounting policy in accordance with the new Hong Kong
Statement of Standard Accounting Practice 12 "Income taxes" has been
applied retrospectively and the comparatives have been restated. An
amount of HK$1,384,000 was charged to taxation for the six months ended
30th June 2002, the profit after taxation was therefore reduced by
HK$1,384,000.
2. Earnings per share
The calculation of earnings per share is based on profit attributable to
shareholders of HK$15,382,000 (2002: HK$18,456,000) and on 287,669,676
(2002: 287,669,676) ordinary shares in issue during the period.
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