MANSION HOLDING<00547> - Results Announcement (Summary)
Mansion Holdings Limited announced on 13/9/2002:
(stock code: 547)
Year end date: 31/12/2002
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee
(Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/1/2002 from 1/1/2001
to 30/6/2002 to 30/6/2001
('000) ('000)
Turnover : 31,882 27,948
Profit/(Loss) from Operations : (9,935) (2,658)
Finance cost : (251) -
Share of Profit/(Loss) of Associates : - -
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : (11,317) (2,942)
% Change over Last Period : N/A
EPS/(LPS)-Basic : (0.27 cent) (0.07 cent)
-Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : (11,317) (2,942)
Interim Dividend per Share : NIL NIL
(Specify if with other options) : - -
B/C Dates for Interim Dividend : -
Payable Date : -
B/C Dates for (-) General Meeting : -
Other Distribution for Current Period : -
B/C Dates for Other Distribution : -
Remarks:
1. TURNOVER
30 June 2002 30 June 2001
HK$'000 HK$'000
Contracting income 22,447 27,493
Trading income 1,601 455
Manufacturing Income 7,834 -
--------------------------------
31,882 27,948
--------------------------------
2. Segment information
An analysis of the Group's revenues and results for the period by business
segment is as follows:
Six months ended 30th June 2002
Continuing operations Discontinuing
operations
Maintenance Trading and Property Group
and servicing sourcing Manufacturing investment Contracting
HK$,000 HK$,000 HK$,000 HK$,000 HK$,000 HK$,000
Revenues
7,002 1,601 7,834 - 15,445 31,882
========= ========= ========= ========= ========= =========
Segment results
689 (518) 2,690 1,972 (3,087) 1,746
========= ========= ========= ========= =========
Interest income 37
Unallocated costs (11,718)
__________
Operating Loss (9,935)
Finance costs (251)
__________
Loss before taxation (10,186)
Taxation (172)
Minority interests (959)
__________
Loss attributed to shareholders (11,317)
__________
Six months ended 30th June 2001
Continuing operations Discontinuing
operations
Maintenance Trading and Property Group
and servicing sourcing Manufacturing investment Contracting
HK$,000 HK$,000 HK$,000 HK$,000 HK$,000 HK$,000
Revenues
7,125 455 - - 20,368 27,948
========= ========= ========= ========= ========= =========
Segment results
(122) 95 - 3,577 (592) 2,958
========= ========= ========= ========= =========
Interest income 1,594
Unallocated costs (7,210)
__________
Operating Loss (2,658)
Finance costs -
__________
Operating Loss (2,658)
Loss before taxation (2,658)
Taxation (284)
__________
Loss attributed to shareholders (2,942)
==========
3. Financial Cost
For the period ended 30 June 2002
HK$ HK$
Bank Charges 27,566.62
Bank Interest expenses
-Overdraft 15,146.60
-Trust receipt 28,087.12 43,233.72
-------------
Other Interest Paid 180,451.81
-----------
251,252.15
===========
4. LOSS PER SHARE
The calculation of the basic loss per ordinary share is based on the
Group's unaudited consolidated loss attributable to the shareholders of
approximately HK$11,317,000 (2001: HK$2,942,000) and the weighted average
number of 4,182,438,973 (2001: 4,132,161,965) ordinary shares in issue
during the six months ended 30th June 2002.
The exercise of the share option and the issue of potential shares as
contingent consideration would have an anti-dilutive effect on the basic
loss per share and accordingly no diluted loss per share for the year is
presented.
Calculation of Basic & Diluted EPS for 6 months ended 30 Jun 2002
Loss Weight average
attributable to No. of Ord. EPS
shareholders Shares Cents
30-Jun-02 End of Period (11,317,244) 4,182,438,973
Basic EPS (0.2706)
Adjustment for dilution on 30 June 2002
Share Option
No. of shares would be issued under Share Option *
No. of shares that would have been Issued
at fair value *
--------------------------------
(11,317,244) 4,182,438,973
--------------------------------
Diluted EPS (0.2706)
* There is no dlutive effect on share option for the period ended 30 June
2002.
5. Calculation of Basic & Diluted EPS for 6 months ended 30 Jun 2002
No. of Shares Accumulated Date No. of Average
Issued No. of Shares of Issue Days No. of Shares
Shares Issued to
Balance B/F
4,182,438,973 4,182,438,973 31-Dec-01 181 4,182,438,973
------------- --------------------
4,182,438,973 30-Jun-02 181 4,182,438,973
------------- --------------------
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