CHINA LAND GP<00149> - Results Announcement (Summary)
China Land Group Limited announced on 25/9/2002:
(stock code: 149)
Year end date: 31/12/2002
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Both Audit Committee and Auditors
(Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/1/2002 from 1/1/2001
to 30/6/2002 to 30/6/2001
('000) ('000)
Turnover : 58,416 84,617
Profit/(Loss) from Operations : (92,323) (28,707)
Finance cost : (18,909) (8,456)
Share of Profit/(Loss) of Associates : (151) (543)
Share of Profit/(Loss) of
Jointly Controlled Entities : 0 0
Profit/(Loss) after Tax & MI : (73,611) (38,111)
% Change over Last Period : N/A
EPS/(LPS)-Basic : (5.40 cents) (3.35 cents)
-Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (73,611) (38,111)
Interim Dividend per Share : Nil Nil
(Specify if with other options) : - -
B/C Dates for Interim Dividend : N/A
Payable Date : N/A
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. Turnover
Turnover represents the net amounts received and receivable from
outside customers during the period as follows:
Six months ended 30th June,
2002 2001
HK$'000 HK$'000
Hotel operation 21,452 24,925
Sales of properties 8,860 56,703
Property rental income 2,910 2,989
Toll revenue 25,194 -
-------- ----------
58,416 84,617
======= ========
2. Loss from operations
Six months ended 30th June,
2002 2001
HK$'000 HK$'000
Loss from operations has been arrived at after charging (crediting):
Depreciation and amortisation 18,439 955
Less: amount capitalised in construction in progress
- (181)
--------- -----------
18,439 774
Unrealised (gain) loss on investments in securities
(1,114) 6,741
======= ======
3. Taxation
No provision of Hong Kong Profits Tax or taxation in other
jurisdictions has been made in the condensed consolidated financial
statements as the Group had no assessable profit for both periods.
4. Loss per share
The calculation of the basic loss per share is based on the loss for the
period of approximately HK$73,611,000 (2001: HK$38,111,000) and on the
1,362,419,295 (2001: 1,136,419,295) ordinary shares in issue during the
period.
No diluted loss per share is presented for either period as there are no
dilutive ordinary shares in issue.
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