WONG'S INT'L<0099> - Results Announcement
Wong's International (Holdings) Limited announced on 30/3/2000:
(stock codes: Ord: 99 & War: 361)
Year end date: 31/12/1999
Currency: HKD (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 : 2,724,132 2,582,347
- Discontinued : N/A N/A
Operating Profit/(Loss)
- Continuing : 224,680 92,929
- Discontinued : N/A N/A
Total Operating Profit/(Loss) : 224,680 92,929
Share of Profit/(Loss) of
Associated Companies : (130) 1,831
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 152,581 44,168
% Change over Last Period : +245.5%
EPS/(LPS)-Basic : 33.90 cents 9.90 cents
-Diluted : 33.51 cents 9.80 cents
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 152,581 44,168
Final Dividend per Share : 6 cents 2 cents
(Specify if with other options) : N/A N/A
B/C Dates for Final Dividend : 19/6/2000 to 23/6/2000 bdi.
Payable Date : 7/7/2000
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. Exceptional items - Continuing Operations
1999 1998
HK$'000 HK$'000
Full provision against the Group's (12,087) -
investment in a project for the
development of optical character
recognition software which converts
scanned images to computer codes
Full provision against the Group's - (18,259)
investment in a project for the
development and sale of network
computers
Provision against the Group's - (67,959)
investment in a U.S. company which
develops modems and in respect of
receivables due from that company
and in respect of inventory held
by the Group in respect of that
company.
Provision against a property development - (12,000)
project
Loss on disposal of fixed assets of - (8,750)
HK$7,210,000 arising from the
relocation to the new facility at
Tseung Kwan O and the related
removal expenses of HK$1,540,000.
----------------------------
(12,087) (106,968)
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2. Basic and Diluted Earnings Per Share
The calculation of basic and diluted earnings per share is based on the
Group's profit attributable to shareholders of HK$152,581,000 (1998:
HK$44,168,000) and the following data:
1999 1998
Weighted average number of ordinary shares 450,116,540 445,439,436
in issue during the year for the
purposes of basic earnings per share
Maximum number of potential dilutive ordinary shares :
Options 5,226,101 4,211,883
Warrants - -
-----------------------------
Weighted average number of ordinary shares
for the purposes of diluted
earnings per share 455,342,641 449,651,319
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