PO WING KWAN<0149> - Results Announcement
Po Wing Kwan International (Holdings) Limited announced on 9/5/2000:
(stock code: 149)
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 : 59,694 67,217
- Discontinued : 0 0
Operating Profit/(Loss)
- Continuing : (282,337) (481,244)
- Discontinued : 0 0
Total Operating Profit/(Loss) : (282,337) (481,244)
Share of Profit/(Loss) of
Associated Companies : 0 0
Share of Profit/(Loss) of
Jointly Controlled Entities : 0 0
Profit/(Loss) after Tax & MI : (226,068) (376,429)
% Change over Last Period : N/A
EPS/(LPS)-Basic : (24.5 cents) (47.7 cents)
-Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (226,068) (376,429)
Final Dividend per Share : Nil Nil
(Specify if with other options) : N/A N/A
B/C Dates for Final Dividend : N/A
Payable Date : N/A
B/C Dates for Annual General Meeting : 23/6/2000 to 27/6/2000 bdi.
Other Distribution for Current Period : N/A
B/C Dates for Other Distribution : N/A
Remarks:
1) The Group's loss from operating activities is arrived at after charging
the following items:
1999 1998
HK$'000 HK$'000
Deficits arising on revaluation of:
- Properties under development 0 63,700
- Investment properties 21,460 49,802
- Construction in progress 128,182 242,223
- Properties under construction 81,504 14,521
- Hotel property 6,499 0
Provision for project held for sale
written down to net realisable value 0 67,993
Loss on disposal of project held for sale 13,500 0
Written down of value of deferred assets 0 8,771
2) Loss per share
The calculation of loss per share is based on the loss after taxation and
minority interests of HK$226,068,000 (1998: HK$376,429,000) and on the
weighted average number of 921,144,500 shares (1998: 789,519,295 shares)
in issue during the year.
There are no dilutive ordinary shares in issue. Accordingly, no diluted
loss per share figure is presented.
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