HUEY TAI INT'L<0164> - Results Announcement
Huey Tai International Limited announced on 29/12/1999:
(stock code: 164)
Year end date: 31/3/2000
Currency: HK$ (Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/4/1999 from 1/4/1998
to 30/9/1999 to 30/9/1998
('000) ('000)
Turnover
- Continuing : 260,301 151,687
- Discontinued : - -
Operating Profit/(Loss)
- Continuing : 7,117 (300,142)
- Discontinued : - -
Total Operating Profit/(Loss) : 7,117 (300,142)
Share of Profit/(Loss) of
Associated Companies : 62,900 (7,655)
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : 30,156 (291,336)
% Change over Last Period : N/A
EPS/(LPS)-Basic : 1.93 cents (18.60 cents)
-Diluted : 1.60 cents (18.61 cents)
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : 30,156 (291,336)
Interim Dividend per Share : Nil Nil
(Specify if with other options) : - -
B/C Dates for Interim Dividend : -
Payable Date : -
B/C Dates for (-) General Meeting : -
Other Distribution for Current Period : -
B/C Dates for Other Distribution : -
Remarks:
(1) Operating profit/(loss)-continuing
The operating loss for the six months ended 30th September, 1998 included
HK$220,723,000 net loss on deemed disposal of the Group's interest in
Asean Resources Holdings Limited ("Asean"). The amount included the
realisation of attributable credit balance of HK$89,911,000, HK$3,762,000
and HK$37,347,000 from the investment property revaluation reserve, other
property revaluation reserve and capital reserve on consolidation
respectively.
2) Earnings/(Loss) per share
The calculations of the basic and diluted earnings/(loss) per share are
based on the following data:-
Earnings/(loss)
Six months ended
30th September,
1999 1998
HK$'000 HK$'000
Earnings/(loss) for the purpose of basic
earnings/(loss) per share 30,156 (291,336)
Effect of dilutive potential ordinary shares:
Adjustment to the share of result of
Asean based on the dilution of its earnings
/(loss) per share (4,421) (156)
Adjustment to the share of result of an
associated company based on the dilution of
its earnings per share (766) (28)
---------- ----------
Earnings/(loss) for the purpose of diluted
earnings/(loss) per share 24,969 (291,520)
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Number of shares:
Six months ended
30th September,
1999 1998
Weighted average number of ordinary shares 1,564,735,970 1,566,128,238
============= =============
Notes:-
1) The computation of diluted earnings/(loss) per share does not assume
the exercise of the outstanding share options as the exercise price is
higher than the fair value per share.
2) The computation of diluted earnings/(loss) per share does not assume
the conversion of the Group's outstanding convertible guaranteed bonds
since their exercise would result in an increase in earnings per share
(1998: a decrease in loss per share) from continuing ordinary operations.
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