LAI SUN DEV<0488> - Results Announcement
Lai Sun Development Company Limited announced on 20/11/2000:
(stock code: 488)
The auditors' report on the financial statements which contain the
following result is modified by the Company's auditors. For more details,
please refer to the press announcement to be issued by the Company on
21/11/2000.
Year end date: 31/7/2000
Currency: HKD (Audited)
(Audited) Last
Current Corresponding
Period Period
from 1/8/1999 from 1/8/1998
to 31/7/2000 to 31/7/1999
('000) ('000)
Turnover : 4,659,663 1,752,093
Profit/(Loss) from Operations : (2,386,771) (6,320,695)
Finance cost : (911,077) (371,378)
Share of Profit/(Loss) of Associates : (189,561) (305,396)
Share of Profit/(Loss) of
Jointly Controlled Entities : (36,790) (710)
Profit/(Loss) after Tax & MI : (2,757,982) (6,832,423)
% Change over Last Period : N/A
EPS/(LPS)-Basic : ($0.77) ($2.26)
-Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : Nil Nil
Profit/(Loss) after ETD Items : (2,757,982) (6,832,423)
Final Dividend per Share : Nil Nil
(Specify if with other options) : N/A N/A
B/C Dates for Final Dividend : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : N/A
B/C Dates for Other Distribution : N/A
Remarks:
1. Comparative Amounts
The presentation and classification of items in the financial statements
have been changed due to the adoption of new Statements of Standard
Accounting Practice during the current year. Accordingly, certain
comparative amounts have been reclassified to conform with the current
year's presentation.
2. Loss per share
The calculations of basic loss per share are based on:
2000 1999
HK$'000 HK$'000
Loss used in basic loss per share calculation (2,757,982) (6,832,423)
==========================
'000 '000
Weighted average number of ordinary shares in
issue during year used in basic loss per
share calculation 3,588,502 3,016,739
=========================
The weighted average number of ordinary shares of the Company in issue
during 1999 was arrived at by adjusting the number of ordinary shares in
issue prior to the rights issue of 3rd February, 1999 with a factor of
1.2063.
The diluted loss per share for the current and prior years has not been
presented because any potential shares of the Group outstanding during
these years had an anti-dilutive effect on the basic loss per share for
the these years.
|
