PRIME SUCCESS<0210> - Results Announcement
Prime Success International Group Limited announced on 18/9/2000:
(stock code: 210)
Year end date: 31/12/2000
Currency: HKD (Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/1/2000 from 1/1/1999
to 30/6/2000 to 30/6/1999
('000) ('000)
Turnover
- Continuing : 505,881 516,939
- Discontinued : - -
Operating Profit
- Continuing : 18,022 21,309
- Discontinued : - -
Total Operating Profit : 18,022 21,309
Share of Profit of
Associated Companies : 290 661
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : 14,825 17,878
% Change over Last Period : -17.1%
EPS/(LPS)-Basic : 0.989 cent 1.18 cents
-Diluted : 0.971 cent -
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : 14,825 17,878
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 : Nil
B/C Dates for Other Distribution : N/A
Remarks:
1. Turnover and profit HK$'000 HK$'000
Turnover 505,881 516,939
======= =======
Profit from operation 24,631 30,152
Finance Cost (6,609) (8,843)
Share of results of 290 661
associates ------- ---------
Profit before tax 18,312 21,970
Taxation (2,639) (3,428)
--------------------------
Profit before Minority 15,673 18,542
Interests
Minority Interests (848) (664)
--------- ---------
Profit attributed to 14,825 17,878
shareholders
2. There is no discontinued operation for the period.
3. Earnings per share
The calculation of the basic and diluted earrings per share of HK$0.1 each
of the Company (the "Share(s)") for the six months ended 30th June, 2000
is based on the following data:
Six months ended
30th June,
2000 1999
HK$'000 HK$'000
Profit attributable to shareholders 14,825 17,878
Weighted average number of
shares for the purpose of
basic earnings per share 1,498,392,384 1,514,812,496
Effect of dilutive potential
shares in respect of share
options 27,960,544 -
Weighted average number of shares
for the purposes of diluted
earnings per share 1,526,352,928 1,514,812,496
-------------------------------
The computation of diluted earnings per share does not assume the exercise
of the Company's outstanding share warrants as the exercise price of the
Company's share warrants was higher than the average market value of the
Company's shares during the exercisable period in the first half of 2000.
No diluted earnings per share has been represented in the six months ended
30th June, 1999 as the exercise price of share options and warrants were
greater than the market price of the shares during that period.
4. Interim dividend
The Board has resolved not to declare an interim dividend for the six
months ended 30th June, 2000 (1999: nil).
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