SEA HOLDINGS<00251> - Results Announcement
S E A Holdings Limited announced on 21/03/2003:
(stock code: 00251 )
Year end date: 31/12/2002
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/01/2002 from 01/01/2001
to 31/12/2002 to 31/12/2001
Note ('000 ) ('000 )
Turnover : 741,459 602,366
Profit/(Loss) from Operations : (113,617) 362,625
Finance cost : (196,155) (272,427)
Share of Profit/(Loss) of
Associates : (5,777) (15,407)
Share of Profit/(Loss) of
Jointly Controlled Entities : (611) (427)
Profit/(Loss) after Tax & MI : (200,751) 35,939
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : (0.393) 0.07
-Diluted (in dollars) : N/A 0.066
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (200,751) 35,939
Final Dividend : NIL 10 cents
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : N/A
Payable Date : N/A
B/C Dates for Annual
General Meeting : 30/04/2003 to 07/05/2003bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. Turnover
In order to conform with the current year's presentation, the interest
income for year ended 31st December, 2001 had been reclassified from
turnover to other revenue. In the opinion of the directors, the
reclassification reflects the current intention of the Group as investment
of surplus fund is a non-core business of the Group.
2. The calculation of the basic and diluted (loss) earnings per share is
based on the following data:
(Loss) Earnings
Year ended 31st December,
2002 2001
HK$'000 HK$'000
(Loss) earnings for the year and
(loss) earnings for the purposes
of basic and diluted (loss) earnings
per share (200,751) 35,939
========= =======
Number of shares
Year ended 31st December,
2002 2001
Weighted average number of ordinary
shares for the purposes of basic
(loss) earnings per share 511,246,868 509,885,312
Effect of dilutive potential ordinary shares
Options N/A 5,600,000
Warrants N/A 28,572,775
---------------------------------------------------------------------
Weighted average number of ordinary
shares for the purposes of diluted
(loss) earnings per share 511,246,868 544,058,087
=========== ===========
No diluted loss per share has been calculated for the year ended 31st
December, 2002 as the exercise of the Company's share options and warrants
and the conversion of the convertible promissory note of a subsidiary
would result in a decrease in the loss per share.
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