KERRY PPT<00683> - Results Announcement
Kerry Properties Limited announced on 15/09/2006:
(stock code: 00683 )
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 : 3,769,025 3,845,593
Profit/(Loss) from Operations : 2,092,436 1,631,500
Finance cost : (34,379) (45,227)
Share of Profit/(Loss) of
Associates : 184,205 276,526
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 1,995,913 1,601,559
% Change over Last Period : +25 %
EPS/(LPS)-Basic (in dollars) : 1.64 1.32
-Diluted (in dollars) : 1.55 1.29
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 1,995,913 1,601,559
Interim Dividend : 20 cents 20 cents
per Share
(Specify if with other : Scrip alternative Scrip alternative
options)
B/C Dates for
Interim Dividend : 04/10/2006 to 06/10/2006 bdi.
Payable Date : 14/11/2006
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) Set out below are the effects on the Group's net profit
attributable to shareholders for the six months ended 30 June 2006 due to
the net change in fair values of the Group's investment properties and
related tax effects:-
Six months ended 30 June
____________________________
2006 2005 Increase
HK$ million HK$ million
Profit attributable to
shareholders before taking
into account the net change
in fair values of investment
properties and related tax
effects 1,868 841 122%
(Note)
Add:
Net change in fair values of
investment properties and
related tax effects 128 761
---------- --------
Profit attributable to
shareholders 1,996 1,602 25%
========== ========
Note: The increase was mainly due to the profit arising from the
disposal of interest in Citibank Plaza by way of the Group's participation
in the global offering of the Champion Real Estate Investment Trust, which
amounted to HK$1,160 million.
2) Basic earnings per share is calculated by dividing the profit
attributable to shareholders of the Company by the weighted average number
of shares in issue during the period.
Six months ended 30 June
____________________________
2006 2005
Weighted average number of shares
in issue 1,220,460,846 1,212,029,672
============= =============
HK$'000 HK$'000
Profit attributable to shareholders 1,995,913 1,601,559
========== ==========
Basic earnings per share HK$1.64 HK$1.32
======== ========
Diluted earnings per share is calculated by adjusting the profit
attributable to shareholders of the Company and the weighted average
number of shares outstanding for the effects of all dilutive potential
shares.
Six months ended 30 June
______________________________
2006 2005
Weighted average number of shares
in issue 1,220,460,846 1,212,029,672
Adjustment for convertible bonds 96,320,555 44,701,252
Adjustment for share options 9,437,138 6,385,826
-------------- -------------
Weighted average number of shares
for calculation of diluted earnings
per share 1,326,218,539 1,263,116,750
============== =============
HK$'000 HK$'000
Profit attributable to shareholders 1,995,913 1,601,559
Finance cost on convertible bonds 60,320 27,205
----------- ----------
Profit used to determine diluted
earnings per share 2,056,233 1,628,764
=========== ==========
Diluted earnings per share HK$1.55 HK$1.29
======== ==========
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