MAANSHAN IRON<00323> - Results Announcement
Maanshan Iron & Steel Company Limited announced on 19/08/2003:
(stock code: 00323 )
Year end date: 31/12/2003
Currency: RMB
Auditors' Report: N/A
Review of Interim Report by: Audit Committee
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/01/2003 from 01/01/2002
to 30/06/2003 to 30/06/2002
Note ('000 ) ('000 )
Turnover : 7,061,706 5,154,673
Profit/(Loss) from Operations : 1,149,837 222,396
Finance cost : (42,502) (49,673)
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 929,595 140,672
% Change over Last Period : +561 %
EPS/(LPS)-Basic (in dollars) : 0.144 0.0218
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 929,595 140,672
Interim Dividend : NIL NIL
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Interim Dividend : N/A
Payable Date : N/A
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. The calculation of basic earnings per share is based on the net
profit from ordinary activities attributable to shareholders for the
period of approximately RMB929,595,000 (2002: approximately RMB140,672,000
as restated) and 6,455,300,000 (2002: 6,455,300,000) ordinary shares in
issue during the period.
No diluted earnings per share is presented as the Company does not
have any dilutive potential ordinary shares.
2. The Group has adopted the SSAP 12 (revised) "Income taxes" issued
by the Hong Kong Society of Accountants. Due to the adoption of the
revised SSAP, the accounting treatment and presentation of certain items
and balances in the condensed consolidated interim financial statements
have been revised to comply with the new requirements. Accordingly, a
prior year adjustment has been made and certain comparative amounts have
been restated to conform with the current period's presentation.
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