PRIME SUCCESS<0210> - Results Announcement
Prime Success International Group Limited announced on 24/5/1999:
(stock codes: Ord: 210 & War: 1126)
Year end date: 31/12/1998
Currency: HK$
Last
Current Corresponding
Period Period
from 1/1/1998 from 1/1/1997
to 31/12/1998 to 31/12/1997
('000) ('000)
Turnover/Interest Income : 1,008,415 1,184,994
Profit-Continuing Operations
- Operating Profit/(Loss) : 8,045 142,250
- Exceptional Items : - -
- Discontinued Operations : - -
Total Operating Profit/(Loss) : 8,045 142,250
Share of Profit/(Loss) of
Associated Companies : 1,045 967
Profit/(Loss) after Tax & MI : 10,918 134,939
% Change over Last Period : -91.9%
EPS/(LPS)-Basic : 0.7 cent 9.1 cents
-Diluted : 0.7 cent 8.9 cents
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : 10,918 134,939
Final Dividend per Share : 0.5 cent 6.0 cents
(Specify if with other options) : - (with scrip
alternative at
shareholders'
option)
B/C Dates for Final Dividend : 24/6/1999 to 29/6/1999 bdi.
Payable Date : 12/7/1999
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) Earning per share
The calculation of the basic and diluted earnings per share for the year
is based on the following data:
1998 1997
HK$'000 HK$'000
Profit attributable to shareholders 10,918 134,939
Weighted average number of
ordinary shares for the purposes
of basic earnings share 1,527,139,889 1,481,805,386
Effect of dilutive potential
ordinary shares for the purposes
In respect of:-
- shares option 13,798,478 25,297,026
- warrants - 3,421,084
-------------- -------------
Weighted average number of
ordinary shares for the purposes
of basic earnings share 1,540,938,367 1,510,523,496
============= =============
The calculation of the weighted average number of ordinary shares
for the purposes of basic and diluted earnings per share has been
adjusted for the bonus issue on 29th June, 1998.
The adoption of SSAP 5 (Revised) has resulted in some modifications
to the basic of calculation of earnings per share amounts and
to the disclosures presented for earnings per share. Amounts
presented for the prior year have been restated to reflect the
requirement of SSAP 5 (Revised).
(2) Dividend
The Directors recommend the payment of a final dividend
of HK$0.5 cent in cash per share for the year ended 31st
December, 1998 to shareholders whose names appear on
the Company's register of members in Hong Kong at 4:00 p.m.
on 23rd June, 1999. Subject to approval at the forthcoming
Annual General Meeting, the final divided will be payable on
or before 12th July, 1999.
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