PRIME SUCCESS<00210> - Results Announcement
Prime Success International Group Limited announced on 22/04/2005:
(stock code: 00210 )
Year end date: 31/12/2004
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/01/2004 from 01/01/2003
to 31/12/2004 to 31/12/2003
Note ('000 ) ('000 )
Turnover : 1,788,539 1,407,007
Profit/(Loss) from Operations : 236,895 107,809
Finance cost : (3,085) (5,780)
Share of Profit/(Loss) of
Associates : 256 230
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 176,220 82,935
% Change over Last Period : +112 %
EPS/(LPS)-Basic (in dollars) : 0.1133 0.0551
-Diluted (in dollars) : 0.1107 0.0550
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 176,220 82,935
Final Dividend : 2.00 cents 1.50 cents
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 20/05/2005 to 25/05/2005 bdi.
Payable Date : 15/06/2005
B/C Dates for Annual
General Meeting : 20/05/2005 to 25/05/2005 bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1 . Basis of preparation
The accounts have been prepared in accordance with all applicable Hong
Kong Financial Reporting Standards ("HKFRS") issued by the Hong Kong
Institute of Certified Public Accountants ("HKICPA"). The term of HKFRS
is inclusive of all Statements of Standard Accounting Practice ("SSAP")
and Interpretations approved by the HKICPA. The accounts have been
prepared under the historical cost convention as modified by the
revaluation of certain land and buildings, plant and machinery, investment
securities and trading investments.
The HKICPA has issued a number of new and revised HKFRS and Hong Kong
Accounting Standards ("new HKFRSs") which are effective for accounting
periods beginning on or after 1 January 2005. The Group has not early
adopted these new HKFRSs in the accounts for the year ended 31 December
2004. The Group has already commenced an assessment of the impact of
these new HKFRSs but is not yet in a position to state whether these new
HKFRSs would have a significant impact on its results of operations and
financial position.
2. Dividends
2004 2003
HK$'000 HK$'000
Interim dividend, paid, of HK1.5 cents
(2003: HK1.0 cent) per ordinary share 23,368 15,289
Final dividend, proposed, of HK2.0 cents
(2003: HK1.5 cents) per ordinary share (Note) 32,198 23,368
------------------------
55,566 38,657
=======================
Note: At a meeting held on 22 April 2005, the board of directors
recommended a final dividend of HK2.0 cents per ordinary share for the
year ended 31 December 2004. This proposed dividend is not reflected as a
dividend payable in these accounts, but will be reflected as an
appropriation of retained profits for the year ending 31 December 2005.
3. Earnings per share
The calculations of basic and diluted earnings per share are based on the
Group's profit attributable to shareholders of approximately
HK$176,220,000 (2003: HK$82,935,000). The basic earnings per share is
based on the weighted average number of 1,555,791,014 (2003:
1,504,118,411) ordinary shares in issue during the year.
The diluted earnings per share for the year ended 31 December 2004 is
based on 1,591,898,622 (2003: 1,507,682,404) ordinary shares which is the
weighted average number of ordinary shares in issue during the year plus
the weighted average number of 36,107,608 (2003: 3,563,993) ordinary
shares deemed to be issued at no consideration if all outstanding options
had been exercised.
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