PAC CHALLENGE<0166> - Results Announcement (Summary)
Pacific Challenge Holdings Limited announced on 10/7/2001:
(stock code: 166)
The auditors' report on the financial statements which contain the
following result is modified by the Company's auditors. For more details,
please refer to the press announcement issued by the Company on 11/7/2001.
Year end date: 31/3/2001
Currency: HK$ (Audited)
(Audited) Last
Current Corresponding
Period Period
from 1/4/2000 from 1/4/1999
to 31/3/2001 to 31/3/2000
('000) ('000)
Turnover : 48,478 132,606
Profit/(Loss) from Operations : 10,487 43,972
Finance cost : (1,494) (2,388)
Share of Profit/(Loss) of Associates : - -
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : 10,805 35,524
% Change over Last Period : -69.6%
EPS/(LPS)-Basic : 4 cents 15 cents
-Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : 10,805 35,524
Final Dividend per Share : 1.5 cents Nil
(Specify if with other options) : - -
B/C Dates for Final Dividend : 24/9/2001 to 27/9/2001 bdi.
Payable Date : 26/10/2001
B/C Dates for Annual General Meeting : 24/9/2001 to 27/9/2001 bdi.
Other Distribution for Current Period : Nil
B/C Dates for Other Distribution : N/A
Remarks:
1. Turnover and profits from operations from continuing and discontinued
operations
Turnover Profits before taxation
2001 2000 2001 2000
$'000 $'000 $'000 $'000
Continuing operations
Corporate finance
advisory and other related fees
14,065 20,355 3,169 10,904
Interest income from
bank deposits, corporate finance
operations and others
12,027 5,422 205 3,961
-------------------------------------------------------
26,092 25,777 3,374 14,865
-------------------------------------------------------
Discontinued operations
Stock brokerage income
18,351 94,697 6,040 19,364
Future brokerage income
389 1,122 (17) 291
Margin financing handling
fees, margin financing
operations and others
3,646 6,339 2,884 4,754
Loan arranging and debt financing
- 4,671 - 4,671
-------------------------------------------------------
22,386 106,829 8,907 29,080
-------------------------------------------------------
48,478 132,606 12,281 43,945
========================
Unrealised loss on
revaluation of other
investments, net
(4,027) -
Gain of disposal of other investments 923 27
Rental income 1,310 -
------------------------
10,487 43,972
========================
2. Profits after taxation
Profits after taxation are arrived after crediting gain on disposal of
subsidiary companies which represents the difference between the proceeds
from sale of the subsidiary companies and the net carrying amounts of the
assets and liabilities of those subsidiary companies at 29 June, 2000, the
date of disposal of those subsidiary companies.
3. Earnings per shares
The calculation of earnings per share was based on the profit attributable
to shareholders of HK$10,850,000 (2000: HK$35,524,000) and the weighted
average of 266,788,000 (2000: 238,880,000) ordinary shares in issue during
the year.
A fully diluted earnings per share is not shown, as there are no share
options, warrants or any other convertible instruments, which could cause
dilution.
4. Comparative figures
Certain prior year comparative figures have been reclassified to conform
to the current year's presentation.
For more details, please refer to the press announcement today.
|
