PRIME SUCCESS<00210> - Results Announcement
Prime Success International Group Limited announced on 13/09/2006:
(stock code: 00210 )
Year end date: 31/12/2006
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/01/2006 from 01/01/2005
to 30/06/2006 to 30/06/2005
Note ('000 ) ('000 )
Turnover : 1,441,031 1,154,576
Profit/(Loss) from Operations : 172,638 133,153
Finance cost : (3,417) (2,023)
Share of Profit/(Loss) of
Associates : 88 128
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 147,336 106,334
% Change over Last Period : +39 %
EPS/(LPS)-Basic (in dollars) : 0.09 0.0674
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 147,336 106,334
Interim Dividend : 2.0 cents 2.5 cents
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Interim Dividend : 09/10/2006 to 11/10/2006 bdi.
Payable Date : 25/10/2006
B/C Dates for (-)
General Meeting : N/A
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. Basis of preparation and accounting policies
These unaudited condensed consolidated interim accounts have been prepared
in accordance with Hong Kong Accounting Standard ("HKAS") 34 "Interim
Financial Reporting" issued by the Hong Kong Institute of Certified Public
Accountants.
These condensed consolidated interim accounts should be read in
conjunction with the 2005 annual accounts. The accounting policies and
methods of computation used in the preparation of these condensed
consolidated interim accounts are consistent with those used in the annual
accounts for the year ended 31 December 2005.
In 2006, the Group has adopted the new/revised Hong Kong Accounting
Standards ("HKASs") and Hong Kong Financial Reporting Standards ("HKFRSs")
which are effective for accounting periods commencing on or after 31
December 2005 or 1 January 2006. The adoption of these new/revised HKASs
and HKRFSs has had no material effect on the preparation and presentation
of the results and financial position of the Group.
The Group has not early adopted the following new standards, amendments
and interpretations that have been issued but are not yet effective in
these condensed consolidated interim accounts:
Effective for
accounting periods
beginning on or after
HKAS 1 (Amendment) Capital Disclosures 1 January 2007
HKFRS 7 Financial Instruments: Disclosures
1 January 2007
HKFRS - Int 7 Applying the Restatement Approach under HKAS 29
1 March 2006
"Financial Reporting in Hyperinflationary Economies"
HKFRS - Int 8 Scope of HKFRS 2 1 May 2006
HKFRS - Int 9 Reassessment of Embedded Derivatives
1 June 2006
The directors of the Company anticipate that the application of these
standards, amendments and interpretations will have no material impact on
the Group's accounting policies and presentation of the accounts.
2. Earnings per share
The calculation of basic earnings per share is based on the Group's profit
attributable to shareholders of HK$147,336,000 (2005: HK$106,334,000).
The basic earnings per share is based on the weighted average number of 1
,637,892,384 (2005: 1,578,250,023) ordinary shares in issue during the six
months ended 30 June 2006.
No diluted earnings per share has been presented as there were no dilutive
potential shares in issue during the six months ended 30 June 2006 and 30
June 2005 respectively.
3. Interim dividend
The interim dividend declared by the board of directors after the balance
sheet date is as follows:
2006 2005
HK$'000 HK$'000
Interim dividend, proposed, of HK2.0 cents (2005: HK2.5 cents) per
ordinary share 32,758 40,947
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